Bentley Systems (BSY) Soars 2.59% in Five Days on Strong Q1 Earnings

Bentley Systems (BSY) shares rose 0.40% today, marking the fifth consecutive day of gains, with a total increase of 2.59% over the past five days. The stock price reached its highest level since November 2021, with an intraday gain of 0.71%.

The strategy of purchasing Bentley Systems (BSY) shares after they reached a recent high and holding for one week showed poor performance over the past five years. The annualized return was -1.2%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a reliable strategy for BSY.

Bentley Systems' stock price has been positively influenced by several factors. Firstly, the company reported impressive financial results for Q1 2025, with earnings per share (EPS) of $0.35, surpassing the forecasted $0.30. This strong performance likely contributed to the stock's upward movement. Additionally, Oppenheimer raised Bentley Systems' price target from $50 to $59, maintaining an Outperform rating, which further boosted investor confidence.

Bentley Systems also experienced a steady increase over four consecutive days, with a total gain of 2.18%. This consistent upward trend reflects the market's positive sentiment towards the company's recent developments and financial performance. Furthermore, the recent Innovation Day event in Hyderabad on July 17, 2025, showcased Bentley's capabilities and commitment to infrastructure development in India. This event likely boosted investor confidence, as it demonstrated the company's potential for growth in a key market.