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 Video: What is a Stock Split?
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| Micros Systems is a designer, manufacturer, marketer, and servicer of enterprise applications solutions for the food and beverage, hotel and retail industries. Co. operates in two reportable segments, U.S./Canada and International. In each of the two segments, Co. has developed an infrastructure through which it licenses and sells all of its products and services. Co.'s enterprise solutions comprise three areas: hotel information systems, food and beverage information systems, and retail information systems. Co. also provides range of related services. Co. distributes its products and services directly and through a network of independent dealers and distributors. According to our MCRS split history records, MCRS has had 3 splits. | |
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MCRS (MCRS) has 3 splits in our MCRS split history database. The first split for MCRS took place on June 23, 1998. This was a 2 for 1
split, meaning for each share of MCRS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MCRS's second split took place on February 02, 2005. This was a 2 for 1 split, meaning for each share of MCRS owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. MCRS's third split took place on February 06, 2008. This was a 2 for 1 split, meaning for each share of MCRS owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as MCRS 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 MCRS split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MCRS shares, starting with a $10,000 purchase of MCRS, presented on a split-history-adjusted basis factoring in the complete MCRS split history.
MCRS -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/23/1998 | 2 for 1
| | 02/02/2005 | 2 for 1 | | 02/06/2008 | 2 for 1 |
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