Bentley Systems Management
Management Kriterienprüfungen 4/4
Bentley Systems CEO ist Nicholas Cumins , ernannt in Jul 2024, hat eine Amtszeit von 2.17 Jahren. Die jährliche Gesamtvergütung beträgt $4.82M , bestehend aus 16.4% Gehalt und 83.6% Boni, einschließlich Aktien und Optionen des Unternehmens. besitzt direkt 0.17% der Aktien des Unternehmens, im Wert von $17.36M . Die durchschnittliche Betriebszugehörigkeit des Managementteams und des Verwaltungsrats beträgt 3.5 Jahre bzw. 18 Jahre.
Wichtige Informationen
Nicholas Cumins
Geschäftsführender
US$4.8m
Gesamtvergütung
| Prozentsatz des Geschäftsführergehalts | 16.44% |
| Amtszeit als Geschäftsführer | 2.2yrs |
| Eigentum des Geschäftsführers | 0.2% |
| Durchschnittliche Amtszeit des Managements | 3.5yrs |
| Durchschnittliche Amtszeit der Vorstandsmitglieder | 18yrs |
Jüngste Management Updates
Recent updates
Narrative-Update • Sep 15
BSY: Recurring Revenue Strength And AI Defensibility Will Support Future Returns
The analyst price target for Bentley Systems has been revised from $40 to $37 as analysts factor in slightly lower modeled revenue growth, profit margins and future P/E, while new research highlights strong retention metrics, pricing power and exposure to both macro upcycles and down-market expansion. Analyst Commentary on Bentley Systems Recent research on Bentley Systems reflects a mix of optimism around its infrastructure engineering software and concern about execution risks, valuation and the impact of emerging technologies such as AI on design and construction software providers.
Narrative-Update • Aug 08
BSY: Recurring ARR And AI Resilience Will Support Long Term Upside
The updated analyst price target for Bentley Systems moves slightly lower to $54.10 from $56.19, as analysts temper revenue growth and P/E assumptions while still seeing support from recurring ARR momentum and confidence in the company’s position versus AI driven disruption. Analyst Commentary Recent research on Bentley Systems shows a mix of cautious adjustments to price targets alongside sustained confidence in the company’s execution and long term growth potential.Seeking Alpha • Aug 07
Bentley Systems: Bullish On Q2 EPS Beat And Improving Industry Trends
Summary Bentley Systems remains a buy based on my assessment of its quarterly results and the latest sector-specific indicators. Drivers of BSY's Q2 2026 EPS growth acceleration include a strong performance from the Seequent and Power Line Systems businesses, robust SMB ARR expansion, and healthy net revenue retention. Key metrics like the Architecture Billings Index and non-residential construction spend are improving on a sequential basis; this supports BSY’s favorable FY2026 outlook. Read the full article on Seeking Alpha
Narrative-Update • Jul 01
BSY: AI Resilience And Infrastructure Software Penetration Are Expected To Unlock Upside
Analysts have trimmed the blended price target for Bentley Systems by about $2, reflecting slightly lower fair value and future P/E assumptions, even as recent research highlights the company's perceived defensibility against AI competition and limited rivalry in its core infrastructure software markets. Analyst Commentary Recent Street research on Bentley Systems points to a mixed but generally constructive view, with some analysts more optimistic about the company’s positioning and others more cautious on valuation and target prices.Narrative-Update • Jun 17
BSY: AI Workflows And Capital Restructuring Will Support Long Term Upside
The analyst price target for Bentley Systems has been trimmed from $58.69 to $56.19, with analysts pointing to revised estimates, a slightly higher discount rate, modestly adjusted revenue growth expectations, and updated P/E assumptions as key reasons for the change. Analyst Commentary Recent commentary around Bentley Systems highlights a mix of cautious valuation resets and pockets of renewed optimism, giving you a range of perspectives to weigh.Narrative-Update • Jun 03
BSY: Infrastructure AI And Recurring Revenue Will Support Returns Despite Reset Expectations
Bentley Systems' analyst price target is updated from $42.00 to $40.00 as analysts reset their models, reflecting revised revenue growth and profit margin assumptions in line with recent target changes from firms covering industrial technology stocks. Analyst Commentary Recent research updates show a mix of views on Bentley Systems, with some analysts trimming price targets and others adjusting ratings.Narrative-Update • May 01
BSY: FY26 ARR And Services Rebound Are Expected To Unlock Upside
The analyst price target for Bentley Systems has been adjusted slightly lower to reflect a blended view of recent target cuts and one increase across the Street, as analysts weigh multiple compression against updated guidance for ARR and services growth into 2026. Analyst Commentary Street commentary on Bentley Systems is mixed, with several firms trimming price targets while a few maintain more supportive views tied to execution on guidance and long term growth drivers.Narrative-Update • Apr 16
BSY: FY26 ARR Guidance And Services Recovery Will Support Future Upside
Analyst price targets for Bentley Systems have shifted within a $40 to $50 range, with adjustments such as Barclays moving to $49 and several firms lowering their targets, as analysts factor in recent guidance on ARR growth, expectations for a rebound in services in 2026, and sector wide multiple compression. Analyst Commentary Recent research on Bentley Systems presents a mix of optimism around execution and growth, alongside caution around valuation and competitive positioning.Narrative-Update • Apr 01
BSY: ARR Visibility And Services Recovery Outlook Will Support Future Upside
The analyst-derived fair value estimate for Bentley Systems edges up to about $48.14 from $48.00, as analysts balance a wide range of updated price targets, from $40 to $55. Their views are shaped by recent guidance on ARR growth expectations, anticipated services recovery in 2026, and adjustments to sector P/E multiples.Narrative-Update • Mar 17
BSY: ARR And Services Recovery Will Support Long Term Upside Potential
Analysts trimmed the fair value estimate for Bentley Systems to about $58.69 from $63, reflecting lower assumed future P/E multiples, while also factoring in slightly higher revenue growth, stronger profit margins, and recent shifts in Street price targets clustered around the $40 to $50 range. Analyst Commentary Street research on Bentley Systems has shifted toward a tighter range of fair value views, with most recent targets clustering between US$40 and US$55.Narrative-Update • Mar 03
BSY: Agentic AI And ARR Visibility Will Support Future Upside
Analysts have trimmed their price target on Bentley Systems from $58.21 to $48.00, citing sector wide multiple compression, moderating growth expectations into 2026, and updated models following recent ARR guidance and Q4 results. Analyst Commentary Street research on Bentley Systems presents a mixed picture, with analysts adjusting price targets lower while highlighting both supportive fundamentals and areas of concern for growth and execution into 2026.Narrative-Update • Feb 17
BSY: Long Term Demand And Buyback Plan Will Support Upside
Narrative Update on Bentley Systems The analyst fair value estimate for Bentley Systems has been trimmed by $2 to $63, as analysts weigh slightly lower margin expectations and a higher discount rate against supportive views on growth and long term demand for the company’s software. Analyst Commentary Recent Street research on Bentley Systems shows a mix of caution and optimism, with several firms trimming price targets while still highlighting long term demand for the company’s asset analytics and infrastructure software portfolio.Narrative-Update • Feb 03
BSY: Agentic AI And Buybacks Will Support Returns Despite Softer Outlook
Narrative Update The analyst price target for Bentley Systems has been reduced by $12, as analysts factor in softer long term growth assumptions, more measured profitability expectations compared with peers, and a series of recent target cuts following updated models across the coverage universe. Analyst Commentary Recent research updates on Bentley Systems point to a more cautious tone, with several bearish analysts trimming price targets and, in at least one case, downgrading the rating as they reassess growth and profitability assumptions for the next few years.Narrative-Update • Jan 20
BSY: Agentic AI And Buybacks Will Offset Softer Outlook Through 2026
Analysts have trimmed their fair value estimate for Bentley Systems from US$46.12 to US$42.00, reflecting a broader reset in price targets as they consider softer organic ARR outlook, more moderate profitability expectations, and updated sector views for 2026. Analyst Commentary Recent Street research on Bentley Systems has tilted more cautious, with several bearish analysts cutting price targets and, in one case, moving to a more neutral stance on the stock.Narrative-Update • Jan 05
BSY: Agentic AI And Buybacks Will Support Future Upside Potential
Narrative Update The analyst price target for Bentley Systems has shifted modestly lower to reflect a mixed set of recent views, with some firms trimming targets into the low US$50s and others setting objectives in the high US$50s as they weigh solid Q3 results against limited share price appreciation potential, as well as interest in agentic AI initiatives. Analyst Commentary Recent research on Bentley Systems reflects a split view, with some firms highlighting solid Q3 results and interest in agentic AI initiatives, while others are more reserved on valuation and upside from current levels.Narrative-Update • Dec 22
BSY: Agentic AI Expansion Will Support Upside Despite Recent Caution
The analyst’s fair value estimate for Bentley Systems has been raised by about $4 to approximately $46 per share, as analysts balance slightly softer growth and margin assumptions against continued solid quarterly results and growing enthusiasm for the company’s AI driven infrastructure software opportunity. Analyst Commentary Recent Street research highlights a more mixed sentiment backdrop, with some incremental caution emerging around valuation and the balance of risk and reward at current levels.Narrative-Update • Dec 08
BSY: Agentic AI Will Drive Future Productivity And Share Repurchase Upside
Bentley Systems' analyst price target has been reduced by $5 to $51, as analysts balance solid Q3 performance and promising agentic AI initiatives with what they see as more limited near term share price appreciation potential compared with the broader software sector. Analyst Commentary Analysts are divided on Bentley Systems, with recent research highlighting both supportive long term fundamentals and a more measured stance on near term valuation following the recent share price performance.Narrative-Update • Nov 24
BSY: Agentic AI Adoption Will Drive Long-Term Productivity For E&C Firms
Bentley Systems' average analyst price target was recently revised downward by $2.00 to $51.00. Analysts cited solid performance but noted limited near-term share price appreciation potential.Narrative-Update • Nov 07
BSY: Expanding AI Adoption Will Drive Productivity Gains For Infrastructure Firms
Bentley Systems’ analyst price target has been reduced from $56 to $51 per share. Analysts cite a combination of solid quarterly results, a slightly higher discount rate, and tempered revenue growth expectations, which are offset by improving profit margins and future earnings multiples.Analyseartikel • Sep 27
Does Bentley Systems (NASDAQ:BSY) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative-Update • Aug 08
Global Infrastructure Investment And Digital Transformation Will Expand Market Opportunities
Despite a declining net profit margin, the significant rise in Bentley Systems' future P/E ratio suggests elevated market growth expectations, driving the consensus analyst price target up from $54.31 to $59.08. What's in the News Launched an open API framework for the Blyncsy roadway intelligence solution, significantly expanding integration options and accessibility via a new self-service portal.Seeking Alpha • Feb 28
Bentley Systems Faces Political Uncertainties Amid High Valuation (Downgrade)
Summary Bentley Systems reported Q4 2024 results, meeting revenue estimates but missing non-GAAP EPS. Bentley's software market is projected to grow significantly, driven by digital twins and cloud environments, but it faces stiff competition and ongoing challenges in China. Financial trends show stable revenue but declining operating income and EPS, with increased SG&A and R&D expenses impacting operating leverage and margins. Despite strong infrastructure spending, uncertainties in the US and Europe, combined with high valuation and reduced operating leverage, justify a Sell rating for BSY. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Bentley Systems: Undervalued Stock With Robust Operational Efficiency Presents A Buying Opportunity
Summary Depressed valuation as compared to its historical range, unjustified by its sustainably strong margins. Niche and unrivalled product suite within infrastructure engineering, on top of the increasing adoption of digital twin and engagement of asset owner-operators. Strong operational efficiency, as evidenced by its consistently high free cash flow conversion and account retention. Macroeconomic tailwind – unsolved labor shortage issues, positive business sentiment with optimism seen in construction and infrastructure, and bottoming situation in China. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
Bentley Systems: Rating Upgrade On Cheaper Valuation And Positive Growth Outlook
Summary Upgraded BSY rating to buy due to attractive valuation at 40x forward PE and expected revenue growth acceleration to mid-teens percentage in coming years. Growth drivers include new AI-powered "Plus" applications and increased E365 subscription adoption, enhancing productivity and reducing procurement friction. Valuation decline creates an attractive entry point; BSY deserves to trade at its historical average of 46x forward PE if growth accelerates. Read the full article on Seeking AlphaSeeking Alpha • Oct 21
Bentley: Becoming Bullish Considering Growth Initiatives And Earnings Quality (Rating Upgrade)
Summary Bentley Systems recently ventured into a partnership with Google and acquired a geospatial technology business known as Cesium, which will enable the company to capitalize on the digital twin market's growth opportunities. BSY boasts good earnings quality, considering the company's cash flow conversion rate and its recurring revenue-to-top line percentage. I lift my rating for Bentley Systems to a Buy, following an evaluation of its earnings quality and latest inorganic growth initiatives. Read the full article on Seeking AlphaAnalyse der Geschäftsführervergütung
| Datum | Gesamtvergütung | Gehalt | Unternehmensgewinne |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$290m |
| Mar 31 2026 | n/a | n/a | US$282m |
| Dec 31 2025 | US$5m | US$792k | US$278m |
| Sep 30 2025 | n/a | n/a | US$269m |
| Jun 30 2025 | n/a | n/a | US$254m |
| Mar 31 2025 | n/a | n/a | US$256m |
| Dec 31 2024 | US$13m | US$730k | US$235m |
| Sep 30 2024 | n/a | n/a | US$364m |
| Jun 30 2024 | n/a | n/a | US$375m |
| Mar 31 2024 | n/a | n/a | US$352m |
| Dec 31 2023 | US$3m | US$634k | US$327m |
| Sep 30 2023 | n/a | n/a | US$173m |
| Jun 30 2023 | n/a | n/a | US$157m |
| Mar 31 2023 | n/a | n/a | US$164m |
| Dec 31 2022 | US$9m | US$653k | US$175m |
| Sep 30 2022 | n/a | n/a | US$188m |
| Jun 30 2022 | n/a | n/a | US$103m |
| Mar 31 2022 | n/a | n/a | US$93m |
| Dec 31 2021 | US$2m | US$441k | US$93m |
Vergütung im Vergleich zum Markt: NicholasDie Gesamtvergütung ($USD4.82M) liegt unter dem Durchschnitt von Unternehmen ähnlicher Größe auf dem Markt US ($USD14.74M).
Entschädigung vs. Einkommen: NicholasDie Vergütung des Vorstandsvorsitzenden entsprach im vergangenen Jahr der Unternehmensleistung.
Geschäftsführer
Nicholas Cumins (49 yo)
2.2yrs
Amtszeit
US$4,815,961
Vergütung
Mr. Nicholas H. Cumins is a Director of Bentley Systems, Incorporated since September 5, 2024. He has been Chief Executive Officer of Bentley Systems, Incorporated since July 1, 2024 and served as its Chie...
Führungsteam
| Name | Position | Amtszeit | Vergütung | Eigentümerschaft |
|---|---|---|---|---|
| President & Executive Chairman of the Board | 30.3yrs | US$9.30m | 3.46% $ 349.4m | |
| CEO & Director | 2.2yrs | US$4.82m | 0.17% $ 17.4m | |
| Founder | no data | US$50.00k | 6.44% $ 650.8m | |
| Co-Founder & Director | 42.7yrs | US$50.00k | 4.92% $ 497.5m | |
| Chief Financial Officer | 4.7yrs | US$2.79m | 0.12% $ 12.3m | |
| Chief Operating Officer | 1.7yrs | US$9.50m | 0.014% $ 1.4m | |
| Chief Legal Officer & Secretary | 11.7yrs | US$2.51m | 0.33% $ 33.1m | |
| Chief Accounting Officer & Global Controller | no data | keine Daten | 0.0063% $ 631.7k | |
| Chief Technology Officer | 3.4yrs | keine Daten | 0.029% $ 2.9m | |
| Chief Information Officer | 1.5yrs | keine Daten | keine Daten | |
| Investor Relations Officer | 3.7yrs | keine Daten | keine Daten | |
| Chief Marketing Officer | less than a year | keine Daten | keine Daten |
3.5yrs
Durchschnittliche Betriebszugehörigkeit
57.5yo
Durchschnittliches Alter
Erfahrenes Management: BSYDas Führungsteam des Unternehmens gilt als erfahren (3.5 Jahre durchschnittliche Betriebszugehörigkeit).
Vorstandsmitglieder
| Name | Position | Amtszeit | Vergütung | Eigentümerschaft |
|---|---|---|---|---|
| President & Executive Chairman of the Board | 30.3yrs | US$9.30m | 3.46% $ 349.4m | |
| CEO & Director | 2yrs | US$4.82m | 0.17% $ 17.4m | |
| Founder | 42.7yrs | US$50.00k | 6.44% $ 650.8m | |
| Co-Founder & Director | 42.7yrs | US$50.00k | 4.92% $ 497.5m | |
| Independent Director | 24.7yrs | US$325.00k | 0.15% $ 15.3m | |
| Lead Independent Director | 6yrs | US$325.00k | 0.011% $ 1.1m | |
| Director | 11.3yrs | US$50.00k | 5.38% $ 543.7m | |
| Independent Director | 6.6yrs | US$325.00k | 0.013% $ 1.3m |
18.0yrs
Durchschnittliche Betriebszugehörigkeit
66yo
Durchschnittliches Alter
Erfahrener Vorstand: BSYDie Vorstandsmitglieder sind sehr erfahren ( 18 ).
Unternehmensanalyse und Finanzdaten Status
| Daten | Zuletzt aktualisiert (UTC-Zeit) |
|---|---|
| Unternehmensanalyse | 2026/09/21 07:39 |
| Aktienkurs zum Tagesende | 2026/09/18 00:00 |
| Gewinne | 2026/06/30 |
| Jährliche Einnahmen | 2025/12/31 |
Datenquellen
Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.
| Paket | Daten | Zeitrahmen | Beispiel US-Quelle * |
|---|---|---|---|
| Finanzdaten des Unternehmens | 10 Jahre |
| |
| Konsensschätzungen der Analysten | +3 Jahre |
|
|
| Marktpreise | 30 Jahre |
| |
| Eigentümerschaft | 10 Jahre |
| |
| Verwaltung | 10 Jahre |
| |
| Wichtige Entwicklungen | 10 Jahre |
|
* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.
Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.
Analysemodell und Schneeflocke
Details zum Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite; außerdem bieten wir Leitfäden zur Nutzung unserer Berichte und Tutorials auf Youtube an.
Erfahren Sie mehr über das , das das Simply Wall St-Analysemodell entworfen und entwickelt hat.
Metriken für Industrie und Sektor
Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.
Analysten-Quellen
Bentley Systems, Incorporated wird von 28 Analysten beobachtet. 17 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.
| Analyst | Einrichtung |
|---|---|
| Joseph Vruwink | Baird |
| Guy Hardwick | Barclays |
| Gal Munda | Berenberg |