Bentley Systems Repays $678 Million Convertible Notes, Reducing Share Count by 3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: seekingalpha
- Debt Repayment: Bentley Systems successfully repaid $678 million in principal and accrued interest on its convertible notes, funded by cash on hand and $610 million drawn from its revolving credit facilities, demonstrating strong cash flow management.
- Equity Impact: The repayment reduces the fully diluted share count by over 10 million shares, approximately 3%, which is expected to enhance earnings per share and boost investor confidence.
- Future Debt Outlook: The company still has $575 million in convertible notes outstanding, which may impact its financial flexibility, particularly in future capital operations.
- Market Reaction: Following the repayment announcement, Bentley's stock price rose slightly by 0.02% in after-hours trading to $39.06, reflecting market recognition of the company's financial health.
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Analyst Views on BSY
Wall Street analysts forecast BSY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSY is 55.43 USD with a low forecast of 47.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.350
Low
47.00
Averages
55.43
High
65.00
Current: 37.350
Low
47.00
Averages
55.43
High
65.00
About BSY
Bentley Systems, Inc is an infrastructure engineering software company. It focuses on developing and supporting a portfolio of integrated software offerings across professional disciplines, infrastructure sectors, geographies, and the infrastructure lifecycle. It serves enterprises and professionals across the infrastructure lifecycle by enabling project delivery and asset performance. Its portfolio of integrated software offerings includes Engineering Applications, Geo-Professional Applications, Bentley Infrastructure Cloud, Bentley Asset Analytics, and Cesium and iTwin Platform. Its Geo-Professional Applications include GeoStudio, for integrated geotechnical analysis of slope stability, groundwater flow, and heat and mass transfer in soil and rock, and Imago, for the capture and management of drilling core images. Bentley Asset Analytics solutions include Blyncsy, Bridge Monitoring, Dam Monitoring, OpenTower iQ, Talon Aerolytics , and Pointivo.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BENTLEY SYSTEMS STOCK RISES 3% FOLLOWING BMO'S 'OUTPERFORM' RATING INITIATION
Stock Performance: Bentley Systems shares increased by 3% following a positive market reaction.
Market Coverage: The rise in shares was influenced by coverage from BMNO, which highlighted the company's performance.
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