In its first-quarter 2026 investor letter, Madison Mid Cap Fund highlighted Bentley Systems, Incorporated (NASDAQ:BSY).
Headquartered in Exton, Pennsylvania, Bentley Systems, Incorporated (NASDAQ:BSY) is an infrastructure engineering software solutions provider
On June 29, 2026, Bentley Systems, Incorporated (NASDAQ:BSY) closed at $29.72 per share. One-month return of Bentley Systems, Incorporated (NASDAQ:BSY) was -12.59%, and its shares lost 44.65% over the past 52 weeks. Bentley Systems, Incorporated (NASDAQ:BSY) has a market capitalization of $9.03 billion.
Madison Mid Cap Fund stated the following regarding Bentley Systems, Incorporated (NASDAQ:BSY) in its Q1 2026 investor letter: “Amid all the concern regarding the potential for AI to disrupt software companies, we opportunistically added two new software investments to the portfolio, both companies with unique characteristics that we believe will prove to be resilient to AI disruption, Tyler Technologies and Bentley Systems, Incorporated (NASDAQ:BSY). Founded in 1984 by five Bentley brothers, Bentley Systems maintains a leadership position in software that enables the design, construction and monitoring of civil infrastructure assets. Although the company hired its first outside CEO in 2024, it remains an owner-operator, with Greg Bentley serving as Executive Chairman, and the family holding just under 50% of the equity.