CSRA to Join the S&P 500; Computer Sciences to Join S&P MidCap 400; Phibro Animal Health to Join S&P SmallCap 600
PR Newswire
NEW YORK

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • CSRA Inc. (NYSE: CSRA) will be added to the S&P 500 after the close of trading on Friday, November 27, replacing Computer Sciences Corp. (NYSE: CSC), which will be removed from the S&P 500 after the close of trading on Monday, November 30. CSRA will be added to the S&P 500 on a zero price basis reflecting its spin-off from Computer Sciences. Following the spin-off, the Computer Sciences stub will replace Apollo Education Group Inc. (NASD: APOL) in the S&P MidCap 400. Computer Sciences' post spin market capitalization will be more representative of the mid-cap market space. Apollo Education is ranked at the bottom of the S&P MidCap 400.
  • Phibro Animal Health Corp. (NASD: PAHC) will replace Pericom Semiconductor Corp. (NASD: PSEM) in the S&P SmallCap 600 after the close of trading on Wednesday, November 25. S&P SmallCap 600 constituent Diodes Inc. (NASD: DIOD) is acquiring Pericom Semiconductor in a deal expected to be completed soon pending final conditions.

CSRA provides information technology services to the U.S. federal government. Headquartered in Falls Church, VA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index for one day before switching to IT Consulting & Outsourced Services Sub-Industry.

Computer Sciences provides information technology and professional services and solutions. Headquartered in Falls Church, VA, the company will be added to the S&P MidCap 400 IT Consulting & Outsourced Services Sub-Industry index.

Phibro Animal Health operates as a diversified animal health and mineral nutrition company. Headquartered in Teaneck, NJ, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

 

S&P SMALLCAP 600 INDEX – November 25, 2015

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Phibro Animal Health

Health Care

Pharmaceuticals

DELETED

Pericom Semiconductor

Information Technology

Semiconductors

 

S&P 500 INDEX – November 27, 2015

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

CSRA

Information Technology

Data Processing & Outsourced Services

 

S&P 500 INDEX – November 30, 2015

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

DELETED

Computer Sciences

Information Technology

Data Processing & Outsourced Services

 

S&P MIDCAP 400 INDEX – November 30, 2015

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Computer Sciences

Information Technology

IT Consulting & Outsourced Services

DELETED

Apollo Education Group

Consumer Discretionary

Education Services

 

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.

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 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.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

S&P DJI MEDIA CONTACTS:

David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

David R. Guarino
Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices