NEW YORK, July 20, 2011 /PRNewswire/ -- Financial Engines Inc. (NASD:FNGN) will replace Sterling Bancshares Inc. (NASD:SBIB), and Encore Capital Group Inc. (NASD:ECPG) will replace Integral Systems Inc. (NASD:ISYS) in the S&P SmallCap 600 index after the close of trading on Wednesday, July 27. S&P 500 constituent Comerica Inc. (NYSE:CMA) is acquiring Sterling Bancshares, and S&P TMI constituent Kratos Defense & Security Solutions Inc. (NASD:KTOS) is acquiring Integral Systems in deals expected to be completed on or about that date pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Financial Engines provides portfolio management services. Headquartered in Palo Alto, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index.
Encore Capital Group engages in distressed consumer debt buying and recovery. Headquartered in San Diego, CA, the company will be added to the S&P SmallCap 600 GICS Specialized Finance Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – July 27, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Financial Engines | Financials | Asset Management & Custody Banks | |
Encore Capital Group | Financials | Specialized Finance | ||
DELETED | Sterling Bancshares | Financials | Regional Banks | |
Integral Systems | Information Technology | IT Consulting & Other Services | ||
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SOURCE Standard & Poor's