1. BSY will join the S&P MidCap 400 index on October 6, 2025. 2. Western Union (WU) is being replaced by BSY in the index. 3. Mr. Cooper Group (COOP) was acquired by Rocket Companies (RKT). 4. The market capitalization will better reflect small-cap values post-change. 5. This move could elevate BSY's visibility and investor interest.
Inclusion in the S&P MidCap 400 typically leads to increased demand for shares, positively impacting stock price. Historical instances show similar effects, such as when Tesla was added to the S&P 500.
Being included in a key market index enhances BSY's profile and desirability among institutional investors, likely increasing stock demand.
The effects of index inclusion manifest quickly, often within days or weeks as investors adjust their portfolios. For example, stocks like Etsy saw immediate gains upon their S&P inclusion.
NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Bentley Systems Inc. (NASD: BSY) will replace Western Union Co. (NYSE:WU) in the S&P MidCap 400, and Western Union will replace Mr. Cooper Group Inc. (NASD: COOP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 6. Rocket Companies Inc. (NYSE:RKT) acquired Mr. Cooper Group in a deal that closed today, October 1. Western Union's market capitalization is more representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
October 6, 2025 | S&P MidCap 400 | Addition | Bentley Systems | BSY | Information Technology |
October 6, 2025 | S&P MidCap 400 | Deletion | Western Union | WU | Financials |
October 6, 2025 | S&P SmallCap 600 | Addition | Western Union | WU | Financials |
October 6, 2025 | S&P SmallCap 600 | Deletion | Mr. Cooper Group | COOP | Financials |
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