NEW YORK, Jan. 22, 2020 /PRNewswire/ -- Paycom
Software Inc. (NYSE:PAYC) will replace WellCare Health Plans Inc.
(NYSE:WCG) in the S&P 500 effective prior to the open of
trading on Tuesday, January 28.
S&P 500 constituent Centene Corp. (NYSE: CNC) is acquiring
Wellcare Health Plans in a transaction expected to be completed
soon.
Paycom Software provides cloud-based human capital management
(HCM) software services. Headquartered in Oklahoma City, OK, the company will be added
to the S&P 500 GICS (Global Industry Classification Standard)
Application Software Sub-Industry index.
Following is a summary of the change:
|
S&P 500 INDEX
– January 28, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Paycom
Software
|
Information
Technology
|
Application
Software
|
|
DELETED
|
WellCare Health
Plans
|
Health
Care
|
Managed Health
Care
|
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SOURCE S&P Dow Jones Indices
