PayPal Holdings Set to Join S&P 100 & 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK, July 14, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

• PayPal Holdings Inc. (NASD:PYPLV) will replace eBay Inc. (NASD:EBAY) in the S&P 100 and Noble Corporation plc (NYSE:NE) in the S&P 500. Noble Corporation plc will replace HMS Holdings Corp. (NASD:HMSY) in the S&P MidCap 400, and HMS Holdings will replace Swift Energy Co. (NYSE:SFY) in the S&P SmallCap 600. These actions will be effective after the close of trading on Friday, July 17. Ebay is spinning off PayPal to shareholders in a transaction expected to be completed on that date. Ebay will remain in the S&P 500 following completion of the transaction. Noble has a market cap that is more representative of the mid-cap market space. HMS Holdings and Swift Energy rank near or at the bottom of their respective indices.
• S&P SmallCap 600 constituent Synaptics Inc. (NASD:SYNA) will replace Rosetta Resources Inc. (NASD:ROSE) in the S&P MidCap 400, and REX American Resources Corp. (NYSE:REX) will replace Synaptics in the S&P SmallCap 600 after the close of trading on Monday, July 20. S&P 500 constituent Noble Energy Inc. (NYSE:NBL) is acquiring Rosetta Resources in a transaction expected to be completed on or about that date pending final approvals.
• First NBC Bank Holding Co. (NASD:FNBC) will replace RTI International Metals Inc. (NYSE:RTI) in the S&P SmallCap 600 after the close of trading on Wednesday, July 22. S&P 500 constituent Alcoa Inc. (NYSE:AA) is acquiring RTI International Metals in a transaction expected to be completed on or about that date pending final approvals.

PayPal Holdings is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. Headquartered in San Jose, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.

Noble Corporation plc operates as an offshore drilling contractor.  Headquartered in London, England, the company will be added to the S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.

HMS Holdings provides healthcare insurance benefit cost containment services. Headquartered in Irving, TX, the company will be added to the S&P SmallCap 600 GICS Health Care Technology Sub-Industry index.

Synaptics develops, markets, and sells custom-designed human interface solutions for electronic devices and products.  Headquartered in San Jose, CA, the company will be added to the S&P MidCap 400 GICS Semiconductors Sub-Industry index.

REX American Resources produces and sells ethanol. Headquartered in Dayton, OH, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Refining & Marketing Sub-Industry index.

First NBC Bank provides a range of financial services for businesses, institutions, and individuals Headquartered in New Orleans, LA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.  

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For more information:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
[email protected] 

David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
[email protected]

SOURCE S&P Dow Jones Indices

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