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So far this year, the stock has surged 59.2% in price, driven primarily by the acquisition of Seequent and its strategic partnership with a leading government IT solutions provider.
However, BSY’s high long-term debt level could strain its balance sheet and restrict its cash flow in the near term. Although the company’s increasing pace of acquisitions and double-digit ARR growth have helped it improve its operating performance, the stock’s high valuation could make investors bearish.
