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

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 -3.38% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI -7.18% , and Western Union Co. /zigman2/quotes/206269665/composite WU -1.68% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID -1.16% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG +1.12% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.61% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY -2.94% and FactSet /zigman2/quotes/204586719/composite FDS -0.16% 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 -1.62% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M -1.39% , Vicor Corp. /zigman2/quotes/207717424/composite VICR -0.77% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI -1.74% 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 +0.72% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS -0.67% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR 0.00% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite

Add to watchlist LEG

Leggett & Platt Inc.

US : U.S.: NYSE

$ 35.97

-1.26 -3.38%

Volume: 1.06M

Feb. 6, 2023 4:00p

P/E Ratio

15.85

Dividend Yield

4.89%

Market Cap

$4.94 billion

Rev. per Employee

N/A

/zigman2/quotes/200637580/composite

Add to watchlist HBI

Hanesbrands Inc.

US : U.S.: NYSE

$ 6.08

-0.47 -7.18%

Volume: 25.22M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

9.87%

Market Cap

$2.29 billion

Rev. per Employee

$105,655

/zigman2/quotes/206269665/composite

Add to watchlist WU

Western Union Co.

US : U.S.: NYSE

$ 14.04

-0.24 -1.68%

Volume: 5.64M

Feb. 6, 2023 4:00p

P/E Ratio

6.64

Dividend Yield

6.70%

Market Cap

$5.51 billion

Rev. per Employee

$444,095

/zigman2/quotes/219506813/composite

Add to watchlist MID

American Century Mid Cap Growth Impact ETF

US : U.S.: NYSE Arca

$ 45.44

-0.53 -1.16%

Volume: 1,676

Feb. 6, 2023 4:10p

/zigman2/quotes/207754270/composite

Add to watchlist SEDG

SolarEdge Technologies Inc.

US : U.S.: Nasdaq

$ 319.55

+3.55 +1.12%

Volume: 602,306

Feb. 6, 2023 4:00p

P/E Ratio

157.67

Dividend Yield

N/A

Market Cap

$17.66 billion

Rev. per Employee

$699,165

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,111.08

-25.40 -0.61%

Volume: 0.00

Feb. 6, 2023 4:57p

/zigman2/quotes/204403715/composite

Add to watchlist SBNY

Signature Bank

US : U.S.: Nasdaq

$ 134.85

-4.08 -2.94%

Volume: 1.06M

Feb. 6, 2023 4:00p

P/E Ratio

6.49

Dividend Yield

2.08%

Market Cap

$8.74 billion

Rev. per Employee

$2.00M

/zigman2/quotes/204586719/composite

Add to watchlist FDS

FactSet Research Systems Inc.

US : U.S.: NYSE

$ 426.88

-0.68 -0.16%

Volume: 142,258

Feb. 6, 2023 4:00p

P/E Ratio

38.89

Dividend Yield

0.83%

Market Cap

$16.35 billion

Rev. per Employee

$171,738

/zigman2/quotes/210599868/delayed

Add to watchlist SML

S&P Small Cap 600 Index

US : S&P US

1,289.63

-21.17 -1.62%

Volume: 553.74M

Feb. 6, 2023 4:57p

/zigman2/quotes/201854387/composite

Add to watchlist M

Macy's Inc.

US : U.S.: NYSE

$ 24.12

-0.34 -1.39%

Volume: 7.21M

Feb. 6, 2023 4:00p

P/E Ratio

5.03

Dividend Yield

2.61%

Market Cap

$6.63 billion

Rev. per Employee

$289,319

/zigman2/quotes/207717424/composite

Add to watchlist VICR

Vicor Corp.

US : U.S.: Nasdaq

$ 70.01

-0.54 -0.77%

Volume: 150,424

Feb. 6, 2023 4:00p

P/E Ratio

119.11

Dividend Yield

N/A

Market Cap

$3.11 billion

Rev. per Employee

$373,775

/zigman2/quotes/202936222/composite

Add to watchlist POWI

Power Integrations Inc.

US : U.S.: Nasdaq

$ 87.97

-1.56 -1.74%

Volume: 522,539

Feb. 6, 2023 4:00p

P/E Ratio

30.11

Dividend Yield

0.82%

Market Cap

$5.12 billion

Rev. per Employee

N/A

/zigman2/quotes/200900273/composite

Add to watchlist TR

Tootsie Roll Industries Inc.

US : U.S.: NYSE

$ 47.26

+0.34 +0.72%

Volume: 130,855

Feb. 6, 2023 4:00p

P/E Ratio

46.15

Dividend Yield

0.76%

Market Cap

$3.22 billion

Rev. per Employee

$332,587

/zigman2/quotes/200740609/composite

Add to watchlist TDS

Telephone & Data Systems Inc.

US : U.S.: NYSE

$ 13.39

-0.09 -0.67%

Volume: 1.18M

Feb. 6, 2023 4:00p

P/E Ratio

32.59

Dividend Yield

5.38%

Market Cap

$1.43 billion

Rev. per Employee

$616,818

/zigman2/quotes/206715615/composite

Add to watchlist NKTR

Nektar Therapeutics

US : U.S.: Nasdaq

$ 3.09

0.00 0.00%

Volume: 1.24M

Feb. 6, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$580.78 million

Rev. per Employee

$128,434