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|EBIX Stock Split History|
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Ebix (EBIX) has 4 splits in our EBIX split history database. The first split for EBIX took place on May 08, 1998. This was a 1 for 5 reverse split, meaning for each 5 shares of EBIX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. EBIX's second split took place on October 09, 2008. This was a 3 for 1 split, meaning for each share of EBIX owned pre-split, the shareholder now owned 3 shares. For example, a 200 share position pre-split, became a 600 share position following the split. EBIX's third split took place on December 11, 2009. EBIX's 4th split took place on January 05, 2010. This was a 3 for 1 split, meaning for each share of EBIX owned pre-split, the shareholder now owned 3 shares. For example, a 600 share position pre-split, became a 1800 share position following the split.
When a company such as Ebix 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. When a company such as Ebix 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 EBIX split history from start to finish, an original position size of 1000 shares would have turned into 1800 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ebix shares, starting with a $10,000 purchase of EBIX, presented on a split-history-adjusted basis factoring in the complete EBIX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||9.14%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.07%|
|Ebix is a supplier of infrastructure exchanges to the insurance, financial, and healthcare industries. Co. focuses on: expansion of connectivity between all entities through its Exchange family of products in the financial, travel, life, health, workers compensation, risk management, annuity and property and casualty (P&C) sectors namely the EbixCash and EbixExchange family of products; sales and support of P&C back-end insurance and broker management systems; sale, customization, development, implementation and support of its P&C back-end insurance carrier system platforms; risk compliance solution services; and e-governance/e-learning solutions in emerging world markets. According to our EBIX split history records, Ebix has had 4 splits.|
|EBIX Split History Table|
|05/08/1998||1 for 5|
|10/09/2008||3 for 1|
|12/11/2009||1 for 1|
|01/05/2010||3 for 1|
|Technology Stock Splits|
|EBIX is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: EBIX shares outstanding history