Bentley Systems (BSY)

Company Profile

Bentley Systems, Incorporated provides software solutions. The Company offers software for bridge analysis, construction, simulation and analysis, modeling, and geotechnical engineering. Bentley Systems serves customers worldwide.

Company profile

Ticker

BSY

Exchange

NASDAQ

Website

www.bentley.com

CEO

Gregory Bentley

Incorporated

Delaware

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Information > Software Publishers

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • Mobileye Global • Gen Digital • Activision Blizzard • BlackBerry • Vmware • Adobe • Ceridian HCM Holding • Intuit ...

SEC CIK

0001031308

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

a Delaware Corporation • AarhusGeosoftware ApS • ARGOS.IO PTY LTD • Bentley Canada Inc. • Bentley Engineering Software Systems (Shanghai) Co. Ltd. • Bentley Engineering Software Systems (Shanghai) Co., Limited • Bentley Engineering Software Systems (Shanghai) Co., Ltd. • Bentley Software International, Ltd. • Bentley Software Solutions Philippines Inc. • Bentley Software, Inc. ...

BSY stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$50.57

Low target

$47.00

High target

$53.00

Latest filings (excl ownership)

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8-K

Bentley Systems, Incorporated Declares Second Quarter 2023 Dividend

9 May 23

Bentley Systems Announces Operating Results for the First Quarter of 2023

9 May 23

ARS

2022 FY

Annual report to shareholders

14 Apr 23

DEFA14A

Additional proxy soliciting materials

14 Apr 23

Results of Operations and Financial Condition

28 Feb 23

Bentley Systems, Incorporated Declares First Quarter 2023 Dividend

25 Jan 23

8-K

Bentley Systems Announces Promotion of Brock Ballard to Chief Revenue Officer

4 Jan 23

Transcripts

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BSY

Earnings call transcript

2022 Q4

28 Feb 23

BSY

Earnings call transcript

2022 Q3

8 Nov 22

BSY

Earnings call transcript

2022 Q2

9 Aug 22

BSY

Earnings call transcript

2022 Q1

10 May 22

BSY

Earnings call transcript

2021 Q4

1 Mar 22

BSY

Earnings call transcript

2021 Q3

9 Nov 21

BSY

Earnings call transcript

2021 Q2

10 Aug 21

BSY

Earnings call transcript

2021 Q1

11 May 21

BSY

Earnings call transcript

2020 Q4

2 Mar 21

BSY

Earnings call transcript

2020 Q3

11 Nov 20

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

17 May 23

144

Notice of proposed sale of securities

Notice of proposed sale of securities

10 May 23

Financial summary

Financial statements Chart BSY financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Mar 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	93.57 mm	93.57 mm	93.57 mm	93.57 mm	93.57 mm	93.57 mm
Cash burn (monthly)	(no burn)	3.00 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	5.96 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	87.61 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	29.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

BSY institutional ownership history Ownership history

36.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	305	306	-0.3%
Opened positions	41	55	-25.5%
Closed positions	42	29	+44.8%
Increased positions	137	123	+11.4%
Reduced positions	87	93	-6.5%

13F shares	Current	Prev Q	Change
Total value	4.22 tn	3.75 tn	+12.6%
Total shares	103.86 mm	106.83 mm	-2.8%
Total puts	28.00 k	93.60 k	-70.1%
Total calls	144.50 k	76.30 k	+89.4%
Total put/call ratio	0.2	1.2	-84.2%

Largest owners	Shares	Value	Change
Vanguard	20.29 mm	$872.14 bn	+0.9%
Kayne Anderson Rudnick Investment Management	12.63 mm	$542.93 bn	+4.1%
BLK Blackrock	11.52 mm	$495.25 bn	+2.4%
Artisan Partners Limited Partnership	5.25 mm	$225.63 bn	+34.5%
STT State Street	3.63 mm	$156.02 bn	+2.9%
Invest Management Sarl SPT	3.17 mm	$0.00	0.0%
Geode Capital Management	2.94 mm	$126.16 bn	+3.0%
WFC Wells Fargo & Co.	2.13 mm	$91.63 bn	+5.2%
Clearbridge Advisors	1.64 mm	$70.69 bn	+5.3%
Brown Advisory	1.60 mm	$68.77 bn	+7.8%

Largest transactions	Shares	Bought/sold	Change
Siemens Pension Trust E V	0.00	-3.17 mm	EXIT
Siemens Fonds Invest GmbH	0.00	-2.68 mm	EXIT
Norges Bank	0.00	-1.57 mm	EXIT
Artisan Partners Limited Partnership	5.25 mm	+1.35 mm	+34.5%
Voya Investment Management	962.44 k	+892.56 k	+1277.2%
Durable Capital Partners	1.57 mm	-661.02 k	-29.7%
Kayne Anderson Rudnick Investment Management	12.63 mm	+495.85 k	+4.1%
Wellington Management	651.00 k	+440.27 k	+208.9%
LMR Partners	0.00	-432.40 k	EXIT
Woodline Partners	395.31 k	+395.31 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BSY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 May 23	Andre Werner	Class B Common Stock	Payment of exercise	Dispose F	No	No	46.9	1,931	90.56 k	240,983
22 May 23	Andre Werner	Class B Common Stock	Option exercise	Acquire M	No	No	5.74	15,774	90.54 k	242,914
22 May 23	Andre Werner	Class B Common Stock	Payment of exercise	Dispose F	No	No	46.9	2,475	116.08 k	227,140
22 May 23	Andre Werner	Class B Common Stock	Option exercise	Acquire M	No	No	5.305	21,875	116.05 k	229,615
22 May 23	Andre Werner	Stock Options Class B Common Stock	Option exercise	Dispose M	No	No	5.74	15,774	90.54 k	19,226
22 May 23	Andre Werner	Stock Options Class B Common Stock	Option exercise	Dispose M	No	No	5.305	21,875	116.05 k	0
19 May 23	Nicholas Cumins	Class B Common Stock	Sell	Dispose S	No	No	46.0084	28,000	1.29 mm	163,417
18 May 23	David R. Shaman	Class B Common Stock	Payment of exercise	Dispose F	No	No	46.58	2,147	100.01 k	628,121
18 May 23	David R. Shaman	Class B Common Stock	Option exercise	Acquire M	No	No	5.305	18,850	100.00 k	630,268
18 May 23	David R. Shaman	Class B Common Stock	Payment of exercise	Dispose F	No	No	46.42	42,531	1.97 mm	611,418