Paycom will join S&P 500

Published: Thursday, January 23, 2020 By: Dale Denwalt Source: NewsOK

Paycom Software Inc. has been selected for inclusion in the S&P 500, becoming the fifth Oklahoma business on the widely followed index of large U.S. publicly traded companies.

S&P Dow Jones Indices announced the decision after markets closed Wednesday. Before the markets open on Jan. 28, Paycom will replace WellCare Health Plans Inc., which will be acquired by another S&P 500 company.

Paycom will join Oklahoma companies Helmerich & Payne Inc., ONEOK Inc., Williams Cos. Inc. and Devon Energy Corp. on the index.

The human capital management company closed at more than $300 a share for the first time Wednesday, shortly before the announcement. In after-hours trading, the stock price jumped more than 4% to $317 per share.

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