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Hilton Worldwide, Align Technology, ANSYS Set to Join S&P 500; Teradata and Ryder System to Join S&P MidCap 400

June 9, 2017 6:16 PM EDT

NEW YORK, June 9, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P MidCap 400 indices effective prior to the open of trading on Monday, June 19:

  • Hilton Worldwide Holdings Inc. (NYSE: HLT) will replace Yahoo! Inc. (NASD: YHOO) in the S&P 500. Yahoo! is expected to convert to a publicly traded, non-diversified, closed-end management investment company under the Investment Company Act of 1940 on June 16, a few days after the expected sale of its operational business to S&P 100 & 500 constituent Verizon Communications Inc. (NYSE: VZ). Closed end funds are ineligible for inclusion in the S&P 500.
  • S&P MidCap 400 constituents Align Technology Inc. (NASD: ALGN) and ANSYS Inc. (NASD: ANSS) will replace Teradata Corp. (NYSE: TDC) and Ryder System Inc. (NYSE: R) respectively in the S&P 500, and Teradata and Ryder System will replace Align Technology and ANSYS respectively in the S&P MidCap 400. Align Technology and ANSYS have total market capitalizations above $10 billion making them more representative of the large-cap market space. Teradata and Ryder System have total market capitalizations below $3.7 billion making them more representative of the mid-cap market space.

Hilton Worldwide Holdings owns leases, manages, develops, and franchises hotels and resorts. Headquartered in McLean, VA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Hotels, Resorts & Cruise Lines Sub-Industry index.

Align Technology designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing digital services. Headquartered in San Jose, CA, the company will be added to the S&P 500 GICS Health Care Supplies Sub-Industry index.

ANSYS develops and markets engineering simulation software and services. Headquartered in Canonsburg, PA, the company will be added to the S&P 500 GICS Application Software Sub-Industry index.

Teradata provides analytic data solutions and related services. Headquartered in Dayton, OH, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.

Ryder Systems provides transportation and supply chain management solutions. Headquartered in Miami, FL, the company will be added to the S&P MidCap 400 GICS Trucking Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – June 19, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Hilton Worldwide

Consumer Discretionary

Hotels, Resorts & Cruise Lines

Align Technology

Health Care

Health Care Supplies

ANSYS

Information Technologies

Application Software

DELETED

Yahoo!

Information Technology

Internet Software & Services

Teradata

Information Technology

IT Consulting & Other Services

Ryder Systems

Industrials

Trucking

 

S&P MIDCAP 400 INDEX – June 19, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Teradata

Information Technology

IT Consulting & Other Services

Ryder Systems

Industrials

Trucking

DELETED

Align Technology

Health Care

Health Care Supplies

ANSYS

Information Technology

Application Software

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

Soogyung JordanGlobal Head of Communications New York, USA(+1) 212 438 2297 [email protected]

David BlitzerManaging Director and Chairman of the Index Committee New York, USA(+1) 212 438 3907[email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hilton-worldwide-align-technology-ansys-set-to-join-sp-500-teradata-and-ryder-system-to-join-sp-midcap-400-300471904.html

SOURCE S&P Dow Jones Indices



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