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

Jul 14, 2015, 17:45 ET from S&P Dow Jones Indices

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:

S&P 100 INDEX – July 17, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PayPal Holdings

Information Technology

Data Processing & Outsourced Services

DELETED

eBay

Information Technology

Internet Software & Services

 

S&P 500 – July 17, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PayPal Holdings

Information Technology

Data Processing & Outsourced Services

DELETED

Noble Corp plc

Energy

Oil & Gas Drilling

 

S&P MIDCAP 400 INDEX – July 17, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Noble Corp plc

Energy

Oil & Gas Drilling

DELETED

HMS Holdings

Health Care

Health Care Technology

 

S&P SMALLCAP 600 INDEX – July 17, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

HMS Holdings

Health Care

Health Care Technology

DELETED

Swift Energy

Energy

Oil & Gas Exploration & Production

 

S&P MIDCAP 400 INDEX – July 20, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Synaptics

Information Technology

Semiconductors

DELETED

Rosetta Resources

Energy

Oil & Gas Exploration & Production

 

S&P SMALLCAP 600 INDEX – July 20, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

REX American Resources

Energy

Oil & Gas Refining & Marketing

DELETED

Synaptics

Information Technology

Semiconductors

 

S&P SMALLCAP 600 INDEX – July 22, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

First NBC Bank

Financials

Regional Banks

DELETED

RTI International Metals

Materials

Diversified Metals & Mining

 

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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For more information:

David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices (+1) 212 438 3907 david.blitzer@spdji.com 

David R. Guarino Communications S&P Dow Jones Indices (+1) 212 438 1471 dave.guarino@spdji.com

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