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 Video: What is a Stock Split?
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| Advent Software is engaged in providing software products and services for automating and integrating data and work flows across the investment management organization, as well as between the investment management organization and external parties. Co.'s products focus on functions of the investment management organization such as portfolio accounting and reporting, trade order management and post-trade processing, research management, account management, and custodial reconciliation. Co.'s clients include investment advisors, asset managers, brokerage firms, hedge funds, foundations and endowments and banks. According to our ADVS split history records, ADVS has had 3 splits. | |
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ADVS (ADVS) has 3 splits in our ADVS split history database. The first split for ADVS took place on August 17, 1999. This was a 3 for 2
split, meaning for each 2
shares of ADVS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. ADVS's second split took place on March 14, 2000. This was a 2 for 1
split, meaning for each share of ADVS owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. ADVS's third split took place on January 19, 2011. This was a 2 for 1 split, meaning for each share of ADVS owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as ADVS splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ADVS split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ADVS shares, starting with a $10,000 purchase of ADVS, presented on a split-history-adjusted basis factoring in the complete ADVS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
07/08/2015 |
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| Start price/share: |
$32.72 |
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| End price/share: |
$44.24 |
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| Starting shares: |
305.62 |
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| Ending shares: |
306.90 |
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| Dividends reinvested/share: |
$0.13 |
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| Total return: |
35.77% |
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| Annualized Gain: |
48.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,577.00 |
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| Years: |
0.75 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
07/08/2015 |
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| Start price/share: |
$32.72 |
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| End price/share: |
$44.24 |
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| Dividends collected/share: |
$0.13 |
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| Total return: |
35.61% |
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| Annualized Gain: |
47.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,561.00 |
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| Years: |
0.75 |
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| Date |
Ratio |
| 08/17/1999 | 3 for 2
| | 03/14/2000 | 2 for 1
| | 01/19/2011 | 2 for 1 |
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