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Bentley Systems Incorporated (BSY), a leading provider of comprehensive software solutions for advancing infrastructure, has seen its stock price touch a 52-week low, dipping to $38.65. According to InvestingPro data, the company maintains impressive gross profit margins of 81% and achieved revenue growth of 10.15% over the last twelve months, despite recent price weakness. The infrastructure software provider, currently valued at $12.19 billion, appears slightly undervalued based on InvestingPro’s Fair Value analysis. This downturn reflects a significant retreat from its more robust performance in the previous year, with the company’s stock experiencing a 1-year change decrease of -21.59%. Investors are closely monitoring Bentley Systems as it navigates through the challenges that have led to this recent price level, considering both the company’s strategic responses and the broader economic environment that continues to impact the tech sector at large. InvestingPro analysis reveals 12 additional key insights about BSY’s performance, including analyst revisions and valuation metrics, available in the comprehensive Pro Research Report, which provides deep-dive analysis of 1,400+ top US stocks.
In other recent news, Bentley Systems Inc. reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.21, which was slightly below the forecasted $0.22. The company’s revenue also missed expectations, coming in at $349.8 million against a forecast of $351.35 million. Despite these misses, Bentley’s revenue showed a 13% year-over-year increase, largely driven by its subscription services, which grew by 16%. Additionally, Bentley Systems launched OpenSight Plus, an AI-powered infrastructure engineering application, highlighting its focus on AI-driven solutions.
In analyst updates, Goldman Sachs downgraded Bentley Systems’ stock from Neutral to Sell, adjusting the price target from $51.00 to $42.00. This downgrade followed the company’s announcement of its fourth-quarter results and future guidance, which suggested a slight decrease in growth expectations for Fiscal Year 2025. Oppenheimer also downgraded Bentley Systems’ stock rating to Perform from Outperform, citing challenges in identifying catalysts for growth in a competitive AI market. The firm acknowledged the company’s strong business model and consistent execution but noted that investor preference currently leans towards companies with higher growth potential.
Bentley Systems continues to face challenges in the Chinese market, impacting its overall performance. The company’s guidance for 2025 projects total revenues between $1.461 billion and $1.490 billion, with subscription revenue growth expected to range from 10.5% to 12.5%. Despite these challenges, Bentley Systems remains optimistic about growth in infrastructure engineering markets, particularly through its strategic initiatives in AI and digital transformation.
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