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 Video: What is a Stock Split?
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| Duck Creek Technologies is a holding company. Through its subsidiaries, Co. is a low-code Software-as-a-service provider of primary systems for the property and casualty insurance industry. Co.'s products include: Duck Creek Policy, a full lifecycle solution for the development of products as well as quoting, binding and servicing policies across all channels, from agents and brokers to end-users; Duck Creek Billing, a solution that provides primary payment and invoicing capabilities for all insurance lines and bill types; and Duck Creek Claims, which supports the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting and closure. According to our DCT split history records, DCT has had 2 splits. | |
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DCT (DCT) has 2 splits in our DCT split history database. The first split for DCT took place on December 09, 1997. DCT's second split took place on November 18, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of DCT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as DCT conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the DCT split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DCT shares, starting with a $10,000 purchase of DCT, presented on a split-history-adjusted basis factoring in the complete DCT split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
08/14/2020 |
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| End date: |
03/30/2023 |
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| Start price/share: |
$40.00 |
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| End price/share: |
$18.99 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-52.52% |
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| Average Annual Total Return: |
-24.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,747.64 |
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| Years: |
2.62 |
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| Date |
Ratio |
| 12/09/1997 | 1 for 1 | | 11/18/2014 | 1 for 4 |
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