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Bentley Systems (BSY)

Information Technology · Infrastructure Software · NASDAQ

Bentley Systems provides comprehensive software solutions for the lifecycle management of global infrastructure projects, enabling the creation and operation of infrastructure digital twins.

What Bentley Systems does

Bentley Systems provides software solutions for the design, construction, and operation of infrastructure projects. The company's products enable engineers, architects, and owners to manage complex infrastructure digital twins throughout the lifecycle of assets such as roads, bridges, tunnels, and utilities.

Themes: Infrastructure Digital Twins, Cloud Services Subscription (SaaS), Infrastructure Engineering and Construction, Asset Lifecycle Management

Fundamentals

  • Price$34.82 as of 2026-10-08 close
  • Market cap$10.5B as of 2026-07-30 (share count; price 2026-10-08)
  • 1-year return-31.6% 2025-10-08 close $50.91 → 2026-10-08 close $34.82
  • P/E39.08 as of 2026-10-08
  • Net margin+18.5% FY2025, SEC XBRL
  • Gross margin+81.5% FY2025, SEC XBRL
  • ROE+23.4% FY2025, SEC XBRL
  • Debt / equity1.01 as of 2026-09-03
  • Revenue growth (YoY)+12.8% as of 2026-09-03
  • Revenue CAGR (3y)+11.0% SEC XBRL
  • Beta0.66 as of 2026-09-03
  • Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +0.9%; 5-year non-decreasing per-share dividend streak (SEC XBRL).

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How BSY compares in its sector

  • price-to-earnings ratiomiddle range 253 covered Information Technology peers, as of 2026-10-08
  • net profit margintop 25% 380 covered Information Technology peers, as of 2026-09-03
  • operating margintop 25% 375 covered Information Technology peers, as of 2026-09-03
  • gross margintop 10% 311 covered Information Technology peers, as of 2026-09-03
  • return on equitytop 25% 370 covered Information Technology peers, as of 2026-09-03
  • 3-year revenue CAGRmiddle range 385 covered Information Technology peers
  • indicated dividend yieldmiddle range 108 covered Information Technology peers, as of 2026-09-03
  • free cash flow (absolute dollars, latest fiscal year)middle range 382 covered Information Technology peers, as of FY2025

Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Top 10 scores & list membership

BSY is not currently in any published Top 10 list. Its scores are below.

Top 10 score

55.8 #428 of 1,379 scored · #75 of 203 in Information Technology

  • Profitability80.7
  • Growth64.7
  • Financial health62.7
  • Valuation34.3
  • Capital return55.7
  • Trend32.9

Profitability 81st (operating margin 24.1%, return on equity 23.4%) and growth 65th (3-year revenue CAGR 11%, revenue growth year over year 12.9%); weakest is trend (33rd, a "death cross" — its 50-day average is below its 200-day).

Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.

Dividend coverage (FY2025)

Covered by reported results. In FY2025, BSY's dividend was covered by reported results (earnings payout 31%, free-cash-flow payout 16%). This describes past coverage, not a forecast.

  • Earnings payout31% dividends / net income
  • Free-cash-flow payout16% dividends / (operating cash flow − capex)

Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.

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How Bentley Systems looks technically

Bentley Systems (BSY) is trading 0.7% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed below its 200-day average about 212 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 7 trading days ago (its momentum flipped positive). It made a new 20-day high about 3 trading days ago. It is 39.2% below its highest point of the past year.

Trend

9
Distance from the 200-dayit is trading 0.7% above its 200-day average, the long-term trend line — a longer-term uptrend+0.7%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $34.33$34.33
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $34.58$34.58
Swing structureeach recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes nextlower highs and lower lows
Last swing turnits last significant turn was a swing low 10 calendar days ago — the swings before that are what the structure reading is measured on10 sessions
Wave structureits recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 30.36. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next.possible three-wave downward correction, complete (atypical proportions)
Since the 50/200 crossits 50-day average crossed below its 200-day average about 212 trading days ago — a "death cross", a bearish long-term signal212 sessions
Above the 200-day after a dipit recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 0.7% above+0.7%
Trend strength (14-day ADX)there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend19.0

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 57, neither overbought (above 70) nor oversold (below 30)57.4
Position in its 14-day rangeit is trading in the upper half of its 14-day range ($30.36 to $36.30) — its "stochastic" reading is 75 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions.75.1
Since the MACD crossed zeroMACD, a trend-momentum gauge, turned bullish about 7 trading days ago (its momentum flipped positive)7 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $57.25$57.25
From the 52-week highit is 39.2% below its 52-week high (its highest price of the past year)-39.2%
Above the 52-week lowit is 24.0% above its 52-week low (its lowest price of the past year)+24.0%
Below the 52-week highit is 39.2% below its highest point of the past year39.2%
Since a 20-day breakoutit made a new 20-day high about 3 trading days ago3 sessions
Since a 55-day breakoutit made a new 55-day high about 33 trading days ago33 sessions
All-time highits highest closing price on record is $71.92 (set on 2021-09-15)$71.92
Given back of the 52-week moveover the past year its closes ranged ($28.42 to $56.79), and it has recovered roughly a quarter of its fall from last year’s high — 23% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $45.95 to $46.86. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.22.6%
From the all-time highit is 51.6% below its all-time high-51.6%
Nearest price levelit is trading 0.6% below a resistance level at $35.01 — a price it turned at three times since 2026-02-10, most recently on 2026-06-01. Since 2024-10-08 it has 4 such levels below the current price and 11 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.+0.6%
All-time lowits lowest closing price on record is $26.32 (set on 2022-05-11)$26.32
Above the all-time lowit is 32.3% above its all-time low+32.3%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are about average versus its own recent 6-month history55th percentile
Typical daily rangein a typical session it travels about $1.33 between its high and its low — about 3.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$1.33
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $29.58 and $35.38 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$29.58 – $32.48 – $35.38
Typical daily range (% of price)its price moves about 3.8% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price3.8%
Stretch from the 200-day averageit is trading 0.2 daily ranges above its 200-day average price (0.7% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale0.2 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.86×

Analyst

2
Change in the average price targetanalysts' average price target is unchanged from the prior reading0.0%
Change in the consensus ratingthe analyst consensus rating is unchanged since the prior readingunchanged

Candlestick patterns

4
Since a doji5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level5 sessions ago
Since a hammer8 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close8 sessions ago
Since a bullish engulfing6 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it6 sessions ago
Since a bearish engulfing4 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it4 sessions ago

Price gaps

3
Gap at the openit opened on 2026-10-08 0.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close+0.9%
Open gapit gapped 4.3% above the previous close 3 sessions ago and has not traded back through the level it left behind at 32.23 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed+4.3%
Gap filleda 2.9% gap up opened on 2026-09-14 has been "filled" 16 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close16 sessions ago

Price streaks

1
Closing streakit has closed lower 2 sessions in a row, a -3.2% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session2 sessions down

Relative strength

4
vs market, 1 monthover the past 1 month this stock beat the market by 5.0 percentage points (the stock gained 6.0% while the market gained 1.0%)+5.0%
vs market, 3 monthsover the past 3 months this stock beat the market by 6.2 percentage points (the stock gained 10.0% while the market gained 3.8%)+6.2%
vs market, 6 monthsover the past 6 months this stock lagged the market by 18.2 percentage points (the stock lost 0.8% while the market gained 17.5%)-18.2%
vs market, 12 monthsover the past 12 months this stock lagged the market by 46.6 percentage points (the stock lost 31.6% while the market gained 15.0%)-46.6%

Signal agreement

2
Bullish technical signals3 of the 9 technical signals we can compute for it are currently in a bullish state: trading above its 200-day average, a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast3 of 9
Bearish technical signals2 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, lagging the market over 6 months — these describe past price behaviour, not a forecast2 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thick, spanning 9.2% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross.0.0%

Volume-weighted price

2
Vs this year’s average price paidthe price is 2% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $34.11 — a volume-weighted average of daily closes over 189 sessions, not a true tick-by-tick VWAP.+2.1%
Vs the average paid since it last reportedthe price is 2% above the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $34.06 — a volume-weighted average of daily closes over 45 sessions, not a true tick-by-tick VWAP.+2.2%

Price levels it has turned at before

BSY last closed at $34.82 on 2026-10-08. Since 2024-10-08 it has turned at 4 prices below its last close and 11 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$35.01Resistance0.6% above the last closeturned there three times · 2026-02-10 to 2026-06-01
$33.78Support3.0% below the last closeturned there twice · 2026-07-07 to 2026-08-06
$36.32Resistance4.3% above the last closeturned there twice · 2025-04-07 to 2026-04-21
$33.23Support4.5% below the last closeturned there twice · 2026-07-17 to 2026-09-23
$37.48Resistance7.6% above the last closeturned there twice · 2026-01-02 to 2026-07-29
$31.84Support8.6% below the last closeturned there three times · 2026-02-25 to 2026-05-29

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.

This labelling fails — stops being a possible reading at all — if it closes below $30.36.

It is the only labelling that fits these swings, though its proportions are not the textbook ones.

This reading has stood for 3 trading days, since 2026-10-06.

Read from daily closes as of 2026-10-08.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingBuy (1.65 mean, 1=Strong Buy…5=Strong Sell) — 15 analysts
  • Mean price target$43.93 range $37.00 – $59.00; median $43.00

Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for BSY

  • Consensus EPS estimate$0.3305 next reporting period, as of 2026-10-07
  • Estimate change, 30 days+$0.00207 (+0.6%) from $0.3285, on 2026-09-02, 35-day window
  • Readings revised upward38% of 8 comparable readings

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Intense competition and rapidly changing environment in infrastructure software market.","Reliance on intellectual property and proprietary technology.","Potential for actual results to differ materially from forward-looking statements."]

See BSY's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of BSY's 10-Q filed 2026-08-06 against the prior one filed 2026-05-07.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing (2026-08-06) reports Q2 2026 results (three and six months ended June 30, 2026), including total revenues of $410,727 for Q2 and $834,908 for six months, and operating income of $88,608 for Q2 and $214,868 for six months.
    • Newer filing (2026-08-06) reports ARR of $1,535,988 as of June 30, 2026 and constant currency ARR growth rate of 12%.
    • Newer filing (2026-08-06) reports last twelve-month recurring revenues dollar-based net retention rate of 109% as of June 30, 2026, 'consistent with the same period in the prior year'.
    • Newer filing (2026-08-06) reports AOI less Operating SBC of $116,036 for Q2 2026 and $256,959 for six months, and cash flows from operating activities of $264,921 for six months.
    • Newer filing (2026-08-06) includes a table of revenues by geographic region (Americas, EMEA, APAC) for three and six months ended June 30, 2026 and 2025, with narrative for the Americas, EMEA, and APAC (APAC narrative partially truncated).
  • Removed:
    • Older filing (2026-05-07) reports Q1 2026 results (three months ended March 31, 2026), including total revenues of $424,181, subscriptions revenues of $392,484, and operating income of $126,260.
    • Older filing (2026-05-07) reports ARR of $1,494,511 as of March 31, 2026 and constant currency ARR growth rate of 11.5%.
    • Older filing (2026-05-07) reports last twelve-month recurring revenues dollar-based net retention rate of 109% as of March 31, 2026, compared to 110% as of March 31, 2025.
    • Older filing (2026-05-07) reports AOI less Operating SBC of $140,923 and cash flows from operating activities of $193,408 for the three months ended March 31, 2026.
    • Older filing (2026-05-07) includes a Cost of Revenues and Operating Expense (Income) section with cost of subscriptions and licenses and cost of services tables for the three months ended March 31, 2026.
  • Reworded:
    • Executive Summary period changed from three months ended March 31, 2026 (older) to three and six months ended June 30, 2026 (newer), with Q2 2026 and six-month 2026 figures replacing Q1 2026 figures.
    • Net retention rate comparison wording changed: newer states rate was 109% 'consistent with the same period in the prior year' for six months ended June 30, 2026; older stated 109% compared to 110% for the three months ended March 31, 2026/2025.
    • Perpetual licenses revenue explanation for three months updated: newer reports a decrease of $486 for Q2 2026 vs Q2 2025; older reported a decrease of $1,735 for Q1 2026 vs Q1 2025.
    • Services revenue explanation for three months updated: newer reports an increase of $1,924 for Q2 2026 vs Q2 2025; older reported an increase of $5,208 for Q1 2026 vs Q1 2025.
  • Notes:
    • Newer filing text is truncated mid-sentence in the EMEA narrative of the Revenues by Geographic Region section, so changes after that point cannot be compared against the older filing's later sections (e.g., Cost of Revenues).
    • The older filing's Cost of Revenues and Operating Expense (Income) section is also truncated, limiting comparison of that section beyond the first cost-of-revenues table.

Risk Factors

  • Notes:
    • Both texts are truncated and contain only the statement 'There have been no material changes from the risk factors previously disclosed in Part I,' with no risk factor content to compare.
    • The visible portions of the two Risk Factors sections are identical.

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales are on record for BSY — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.

View full insider trading history → View SEC Form 3/4/5 filings

Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

5 institutional 13F filers reported holding BSY as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 5
  • Reported shares held 21,976,743
  • Reported value $656,884,853

reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

BSY had 17,832,774 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

Short interest as a percent of shares outstanding is not shown for BSY because we do not hold a verified share count to divide it by. The reported figures above are unaffected.

  • Reported short interest (shares) 17,832,774
  • Prior settlement (shares) 16,862,541
  • Reported change 5.75%
  • Days to cover (reported) 8.03

Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does Bentley Systems (BSY) do?

Bentley Systems provides software solutions for the design, construction, and operation of infrastructure projects. The company's products enable engineers, architects, and owners to manage complex infrastructure digital twins throughout the lifecycle of assets such as roads, bridges, tunnels, and utilities.

What sector is Bentley Systems (BSY) in?

Bentley Systems (BSY) is classified in the Information Technology sector. Its industry is Infrastructure Software. It trades on NASDAQ.

Does BSY pay a dividend?

Yes — Bentley Systems (BSY) pays a dividend, with an indicated yield of about 0.86% and 5-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.

Who are Bentley Systems's (BSY) competitors?

Notable peers of Bentley Systems (BSY) include Autodesk, AVEVA, Trimble, Hexagon AB (HEXA-B.ST) and Dassault Systèmes. This peer set is informational only — not financial advice.

Is Bentley Systems (BSY) overbought or oversold right now?

Bentley Systems (BSY) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 57, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on BSY come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-08.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.