Dec. 4, 2021, 10:44 a.m. EST

SolarEdge, FactSet and Signature Bank to join S&P 500 index

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By Claudia Assis

Signature Bank, SolarEdge Technologies Inc. and FactSet Research Systems Inc. will be joining the S&P 500 index later this month, S&P Dow Jones Indices said late Friday.

Out are Leggett & Platt Inc. /zigman2/quotes/206009340/composite LEG -1.83% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI -1.61% , and Western Union Co. /zigman2/quotes/206269665/composite WU -1.52% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID -2.87% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG -5.92% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.84% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY -2.65% and FactSet /zigman2/quotes/204586719/composite FDS +0.37% shares gained 0.6% a piece. The stocks to be removed were flat.

That rebalance ensures that each index is “more representative of its market capitalization range,” S&P Dow Jones said in a statement.

The index provider also unveiled changes to its S&P SmallCap 600 /zigman2/quotes/210599868/delayed SML -2.63% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M -3.19% , Vicor Corp. /zigman2/quotes/207717424/composite VICR -5.69% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI -2.72% will move to the S&P MidCap 400.

They will replace S&P MidCap 400 constituents Tootsie Roll Industries Inc. /zigman2/quotes/200900273/composite TR +0.03% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS -2.42% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR -3.14% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 40.72
-0.76 -1.83%
Volume: 1.04M
Jan. 18, 2022 4:00p
P/E Ratio
13.90
Dividend Yield
4.13%
Market Cap
$5.53 billion
Rev. per Employee
$240,873
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/zigman2/quotes/200637580/composite
US : U.S.: NYSE
$ 16.52
-0.27 -1.61%
Volume: 4.89M
Jan. 18, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
3.63%
Market Cap
$5.86 billion
Rev. per Employee
$112,291
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/zigman2/quotes/206269665/composite
US : U.S.: NYSE
$ 18.12
-0.28 -1.52%
Volume: 4.01M
Jan. 18, 2022 4:04p
P/E Ratio
9.16
Dividend Yield
5.19%
Market Cap
$7.40 billion
Rev. per Employee
$463,555
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/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 49.07
-1.45 -2.87%
Volume: 3,004
Jan. 18, 2022 4:10p
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/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 238.80
-15.03 -5.92%
Volume: 864,908
Jan. 18, 2022 4:00p
P/E Ratio
90.10
Dividend Yield
N/A
Market Cap
$13.33 billion
Rev. per Employee
$557,674
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/zigman2/quotes/210599714/realtime
US : S&P US
4,577.11
-85.74 -1.84%
Volume: 2.74B
Jan. 18, 2022 4:56p
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/zigman2/quotes/204403715/composite
US : U.S.: Nasdaq
$ 355.70
-9.69 -2.65%
Volume: 1.32M
Jan. 18, 2022 4:00p
P/E Ratio
25.51
Dividend Yield
0.63%
Market Cap
$21.06 billion
Rev. per Employee
$1.32M
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/zigman2/quotes/204586719/composite
US : U.S.: NYSE
$ 428.71
+1.60 +0.37%
Volume: 334,737
Jan. 18, 2022 4:00p
P/E Ratio
40.71
Dividend Yield
0.77%
Market Cap
$16.14 billion
Rev. per Employee
$149,464
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/zigman2/quotes/210599868/delayed
US : S&P US
1,351.74
-36.53 -2.63%
Volume: 325.67M
Jan. 18, 2022 4:56p
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 25.22
-0.83 -3.19%
Volume: 13.06M
Jan. 18, 2022 4:00p
P/E Ratio
9.43
Dividend Yield
2.38%
Market Cap
$7.80 billion
Rev. per Employee
$309,070
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/zigman2/quotes/207717424/composite
US : U.S.: Nasdaq
$ 102.39
-6.18 -5.69%
Volume: 214,961
Jan. 18, 2022 4:00p
P/E Ratio
77.95
Dividend Yield
N/A
Market Cap
$4.75 billion
Rev. per Employee
$336,878
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/zigman2/quotes/202936222/composite
US : U.S.: Nasdaq
$ 82.69
-2.31 -2.72%
Volume: 502,798
Jan. 18, 2022 4:00p
P/E Ratio
33.62
Dividend Yield
0.73%
Market Cap
$5.13 billion
Rev. per Employee
$939,746
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/zigman2/quotes/200900273/composite
US : U.S.: NYSE
$ 34.96
+0.01 +0.03%
Volume: 123,704
Jan. 18, 2022 4:00p
P/E Ratio
39.23
Dividend Yield
1.03%
Market Cap
$2.38 billion
Rev. per Employee
$265,858
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/zigman2/quotes/200740609/composite
US : U.S.: NYSE
$ 20.12
-0.50 -2.42%
Volume: 812,561
Jan. 18, 2022 4:00p
P/E Ratio
19.93
Dividend Yield
3.48%
Market Cap
$2.21 billion
Rev. per Employee
$579,674
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/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 11.72
-0.38 -3.14%
Volume: 3.43M
Jan. 18, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.23 billion
Rev. per Employee
$139,777
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