Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT. It also provides project delivery systems that support collaboration, work-sharing, and 4D construction modeling for infrastructure project delivery enterprises, such as ProjectWise, SYNCHRO, and SYNCHRO ConstructSim, as well as ComplyPro, ProcureWare, Control, and Field. In addition, it offers asset and network performance systems, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, Superload, AssetWise 4D Analytics, AssetWise Linear Analytics, and OpenUtilities. Further, it provides digital cities applications for surveying, reality modeling, planning, and managing the geospatial infrastructure of cities and regions comprising ContextCapture, ContextCapture Insights, OpenCities Planner, OpenCities Map, OpenFlows, OpenGround, LEGION, and CUBE. Additionally, the company provides iTwins design review services, immersive asset services, OpenUtilities digital twin cloud services, and PlantSight. The company serves civil, structural, geotechnical, process engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.
IPO Year: 2020
Exchange: NASDAQ
Website: bentley.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/28/2024 | Outperform | William Blair | |
2/26/2024 | $54.00 → $60.00 | Neutral → Buy | Rosenblatt |
8/9/2023 | Outperform → Peer Perform | Wolfe Research | |
6/14/2023 | $60.00 | Overweight | Piper Sandler |
5/11/2023 | $45.00 → $47.00 | Buy → Neutral | Goldman |
5/10/2023 | $58.00 | Neutral → Buy | Griffin Securities |
5/10/2023 | $43.00 → $47.00 | Buy → Neutral | Rosenblatt |
11/10/2022 | $38.00 → $44.00 | Neutral → Buy | Goldman |
10/18/2022 | $37.00 | Buy | Rosenblatt |
8/17/2022 | $48.00 | Outperform | Wolfe Research |
Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced it has acquired 3D geospatial company Cesium. Cesium is recognized as the foundational open platform for creating powerful 3D geospatial applications, and its 3D Tiles open standard has been widely adopted by leading enterprises, governments, and tens of thousands of application developers globally. Cesium ion, the company's SaaS platform, brings 3D geospatial experiences to more than 1 million active devices every month, while Cesium's open-source offeri
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the third quarter of 2024. The cash dividend is payable on September 26, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business September 17, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, f
Winners to be Announced on October 9 at Bentley's 2024 Year in Infrastructure and Going Digital Awards Event in Vancouver Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced the finalists of the 2024 Going Digital Awards. The annual awards event honors the extraordinary work of Bentley's global users, showcasing how innovative software enables the advancement of the world's infrastructure for better quality of life. This year, 36 finalists, across 12 categories, were selected from over 250 nominations submitted by organizations in 36 countries. Representatives from the finalist organizations will present their projects to a panel
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Results Total revenues were $330.3 million, up 11.3% or 11.9% on a constant currency basis, year-over-year; Subscriptions revenues were $297.4 million, up 14.7% or 15.3% on a constant currency basis, year-over-year; Annualized Recurring Revenues ("ARR") was $1,215.9 million as of June 30, 2024, compared to $1,105.9 million as of June 30, 2023, representing a constant currency ARR growth rate of 11%; Last twelve-month recurring revenues dollar-based net retention rate was 108%, compared to 110% for the same
Extends Commitment to Bentley CADD Solutions Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that it has been selected as part of a multi-award Request for Proposal by the Pennsylvania Department of Transportation (PennDOT) for state-wide civil design solutions. The contract award extends Bentley's long-standing relationship with PennDOT to advance project delivery. PennDOT has transitioned to Bentley's OpenRoads 3D design software and ProjectWise for CADD data management to support roadway, bridge, drainage, traffic, and geotechnical engineering. This press release features multimedia. View the full release here: https://www.b
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, will release its second quarter 2024 results before the market opens on Tuesday, August 6, 2024. Senior management will host a webcast to discuss the company's results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company's investor relations website at https://investors.bentley.com Webcast and Registration Information When: Tuesday, August 6, 2024, 8:15 a.m. ET Webcast: Registration link Replay: Available later that day via https://investors.bentley.com About Bentley Systems Bentley Systems (NASDAQ:BSY) is the in
First non-Bentley family member to lead company, Cumins unveils vision for infrastructure resilience powered by AI, focus on operations phase of lifecycle Following the CEO transition plan previously announced by Bentley Systems, Incorporated (NASDAQ:BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701144503/en/Bentley Systems CEO Nicholas Cumins (Photo: Business Wire) Cumins is the first CEO in the company's 40-year history who is no
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the second quarter of 2024. The cash dividend is payable on June 13, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business on June 4, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for th
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced results for its first quarter ended March 31, 2024. First Quarter 2024 Results Total revenues were $337.8 million, up 7.4% or 7.2% on a constant currency basis, year-over-year; Subscriptions revenues were $307.1 million, up 10.5% or 10.3% on a constant currency basis, year-over-year; Annualized Recurring Revenues ("ARR") was $1,186.5 million as of March 31, 2024, compared to $1,071.0 million as of March 31, 2023, representing a constant currency ARR growth rate of 11%; Last twelve-month recurring revenues dollar-based net retention rate was 108%, compared to 110% for th
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, acknowledges the public statement made today by Schneider Electric in response to recent market speculation. Bentley does not publicly comment on market rumors or speculation and does not intend to comment on this matter. ## About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of r
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Bentley Systems's (NYSE:BSY) short percent of float has risen 11.77% since its last report. The company recently reported that it has 10.58 million shares sold short, which is 8.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.57 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday. Shares of Modine Manufacturing Company (NYSE:MOD) shares fell sharply in today’s pre-market trading following mixed fourth-quarter results. Modine Manufacturing posted adjusted earnings of 77 cents per share, versus market estimates of 76 cents per share. The company's quarterly sales came in at $603.50 million compared to expectations of $605.36 million, according to data from Benzinga Pro. Modine Manufacturing shares tumbled 8.8% to $92.50 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. LifeStance Health Group, Inc.
Mizuho analyst Matthew Broome maintains Bentley Systems (NASDAQ:BSY) with a Buy and raises the price target from $57 to $60.
Piper Sandler analyst Clarke Jeffries reiterates Bentley Systems (NASDAQ:BSY) with a Overweight and raises the price target from $60 to $63.
Bentley Systems (NASDAQ:BSY) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.26 by 19.23 percent. The company reported quarterly sales of $337.763 million which missed the analyst consensus estimate of $340.125 million by 0.69 percent. This is a 7.43 percent increase over sales of $314.411 million the same period last year.
Across the recent three months, 6 analysts have shared their insights on Bentley Systems (NASDAQ:BSY), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 3 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $60.0, a high estimate of $6
Rosenblatt analyst Blair Abernethy maintains Bentley Systems (NASDAQ:BSY) with a Buy and maintains $60 price target.
The Nasdaq 100 closed lower by over 90 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. GameStop The Trade: GameStop Corp. (NYSE:GME) PFO and PAO Daniel William Moore sold a total of 7,779 shares at an average pric
Bentley Systems's (NYSE:BSY) short percent of float has risen 4.69% since its last report. The company recently reported that it has 8.83 million shares sold short, which is 6.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.95 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
First non-Bentley family member to lead company, Cumins unveils vision for infrastructure resilience powered by AI, focus on operations phase of lifecycle Following the CEO transition plan previously announced by Bentley Systems, Incorporated (NASDAQ:BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701144503/en/Bentley Systems CEO Nicholas Cumins (Photo: Business Wire) Cumins is the first CEO in the company's 40-year history who is no
COO Nicholas Cumins to be Promoted to CEO July 1, 2024, as Greg Bentley will Transition to Executive Chair Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems' CEO to Executive Chair of its Board of Directors. Nicholas Cumins, currently COO, will then be promoted to CEO, and be proposed to join the Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240321537157/en/Bentley Systems CEO Greg Bentley will become Executive Chair on July 1, 2024. (Photo: Business Wire) The announceme
Bentley Infrastructure Cloud Compounds Value of Engineering Data; iTwin Capabilities Added to Bentley Open Applications At its annual Year in Infrastructure conference, Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, described 2023 as a "groundbreaking year" for infrastructure intelligence. Citing users' projects, CEO Greg Bentley highlighted how infrastructure organizations are overcoming the engineering resource capacity gap through infrastructure intelligence strategies. When asked to quantify the engineering hours saved through digital advancements, the Going Digital Awards finalists reported significant median savings of 18%. Engineering
Dr. Mark Bew MBE Appointed CEO The Cohesive Companies, a wholly-owned but independently operated digital integrator business unit of Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced its acquisition of OXplus, the leading rail asset management specialist headquartered in Veghel, Netherlands. The acquisition coincides with the appointment of Dr. Mark Bew MBE as CEO of The Cohesive Companies, succeeding Noah Eckhouse, who has retired after 17 years of exemplary service within Bentley Systems capped by the successful convergence, from multiple predecessor organizations, of The Cohesive Companies in 2020. OXplus becomes the sixth brand
William Blair initiated coverage of Bentley Systems with a rating of Outperform
Rosenblatt upgraded Bentley Systems from Neutral to Buy and set a new price target of $60.00 from $54.00 previously
Wolfe Research downgraded Bentley Systems from Outperform to Peer Perform
Piper Sandler initiated coverage of Bentley Systems with a rating of Overweight and set a new price target of $60.00
Goldman downgraded Bentley Systems from Buy to Neutral and set a new price target of $47.00 from $45.00 previously
Griffin Securities upgraded Bentley Systems from Neutral to Buy and set a new price target of $58.00
Rosenblatt downgraded Bentley Systems from Buy to Neutral and set a new price target of $47.00 from $43.00 previously
Goldman upgraded Bentley Systems from Neutral to Buy and set a new price target of $44.00 from $38.00 previously
Rosenblatt initiated coverage of Bentley Systems with a rating of Buy and set a new price target of $37.00
Wolfe Research initiated coverage of Bentley Systems with a rating of Outperform and set a new price target of $48.00
Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced it has acquired 3D geospatial company Cesium. Cesium is recognized as the foundational open platform for creating powerful 3D geospatial applications, and its 3D Tiles open standard has been widely adopted by leading enterprises, governments, and tens of thousands of application developers globally. Cesium ion, the company's SaaS platform, brings 3D geospatial experiences to more than 1 million active devices every month, while Cesium's open-source offeri
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the third quarter of 2024. The cash dividend is payable on September 26, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business September 17, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, f
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the second quarter of 2024. The cash dividend is payable on June 13, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business on June 4, 2024. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for th
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the fourth quarter of 2023. The cash dividend is payable on December 14, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on December 4, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size,
To Broaden and Accelerate Infrastructure Asset Analytics Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus of Bentley's iTwin Ventures portfolio is bolstered by accelerating the development and propagation of such broadly valuable infrastructure asset analytics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230814236279/en/Blyncsy's automated AI road inspection technolo
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the third quarter of 2023. The cash dividend is payable on August 24, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on August 15, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the second quarter of 2023. The cash dividend is payable on June 20, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on June 8, 2023. About Bentley Systems Bentley Systems (NASDAQ:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the
Worldsensing Acquires sensemetrics' Thread Connectivity Device Business, While Bentley Becomes Lead Investor in Worldsensing's Series D Capital Raise, and Both Parties Align on a Unique Joint Go-to-Market Offering Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors, and owner-operators in their use of infrastructure digital twins. To this end, Worldsensing is acquiring from Bentley sensemetrics' Thread connectivity device business to expand its hard
Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Board of Directors increased by two cents the regular quarterly dividend effective from the first quarter of 2023 and declared a $0.05 per share dividend for the first quarter of 2023. The cash dividend is payable on March 7, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on February 21, 2023. CFO Werner Andre said, "Our increased dividend reflects our strong cash flow generation and commitment to broadly balanced capital allocation between acquisitions, dividends, repurchase of stock and convertible debt to offset dilutio
Enhancing its Position as a Global Partner for EAM Operational Excellence, Expanding Market Capacity and Geographical Reach Bentley Systems, Incorporated (NASDAQ:BSY), the infrastructure engineering software company, today announced that its Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130006068/en/Image courtesy - Getty Images Vetasi brings to Cohesive the largest IBM Maximo consultancy team across Europe, Africa, and ASEAN countr