NEW YORK, Sept. 23, 2014
/PRNewswire/ -- CDK Global Inc. (NASD: CDKVV) will replace
Bill Barrett Corp. (NYSE: BBG) in the S&P MidCap 400, and
Bill Barrett will replace ITT
Educational Services Inc. (NYSE: ESI) in the S&P SmallCap 600
after the close of trading on Tuesday,
September 30. S&P 500 constituent Automatic Data
Processing Inc. (NASD: ADP) is spinning off CDK Global in a deal
expected to be completed on that date. Bill
Barrett's market capitalization is below $1.2 billion, making it more representative of
the small cap market space. ITT Educational Services is ranked at
the bottom of the S&P SmallCap 600.
CDK Global provides integrated information technology and
digital marketing solutions to retail locations and manufacturers.
Headquartered in Hoffman Estates,
IL, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Application Software
Sub-Industry index.
Bill Barrett acquires, explores,
and develops oil and natural gas resources. Headquartered in
Denver, CO, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – September 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
CDK Global
|
Information
Technology
|
Application
Software
|
DELETED
|
Bill
Barrett
|
Energy
|
Oil & Gas
Exploration & Production
|
S&P SMALLCAP
600 INDEX – September 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Bill
Barrett
|
Energy
|
Oil & Gas
Exploration & Production
|
DELETED
|
ITT Educational
Services
|
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.
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