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Video: What is a Stock Split?
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Ceridian HCM Holding is a global human capital management (HCM) software company. Co.'s products and services include: Dayforce; Powerpay; and Bureau. Dayforce, Co.'s principal cloud HCM platform, is a single application that provides real-time calculations across all modules to enable, for example, payroll administrators access to real-time data through the entire pay period, and managers access to real-time data to support work schedules. Powerpay is a cloud platform that provides payroll and human resources solutions. Co.'s Bureau solutions provide payroll and payroll-related services. Co. invests in maintenance and necessary updates to support its Bureau customers. According to our DAY split history records, Dayforce has had 1 split. | |
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Dayforce (DAY) has 1 split in our DAY split history database. The split for DAY took place on April 11, 2000. This was a 1 for 20
reverse split, meaning for each 20
shares of DAY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as Dayforce 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 DAY split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Dayforce shares, starting with a $10,000 purchase of DAY, presented on a split-history-adjusted basis factoring in the complete DAY split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/27/2018 |
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End date: |
05/03/2024 |
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Start price/share: |
$30.52 |
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End price/share: |
$57.29 |
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Dividends collected/share: |
$0.00 |
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Total return: |
87.71% |
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Average Annual Total Return: |
11.02% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,767.33 |
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Years: |
6.02 |
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Date |
Ratio |
04/11/2000 | 1 for 20
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