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IGTE (IGTE) has 1 split in our IGTE split history database. The split for IGTE took place on April 13, 1998. This was a 2 for 1 split, meaning for each share of IGTE 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.
When a company such as IGTE 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 IGTE split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IGTE shares, starting with a $10,000 purchase of IGTE, presented on a split-history-adjusted basis factoring in the complete IGTE split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||21.32%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||21.24%|
|iGate is an outsourcing provider of offshore centric information technology (IT) and IT-enabled operations solutions and services. Co. provides a range of IT services through its onsite and offshore delivery locations primarily in India. Co.'s IT and IT-enabled services include application development, application management, verification and validation, enterprise application solutions, business intelligence and data warehousing, infrastructure management services, enterprise mobility, cloud services, embedded systems development, engineering design services, IT consulting, IT governance and customized learning solutions, business process outsourcing and customer interaction services. According to our IGTE split history records, IGTE has had 1 split.|
|IGTE Split History Table|
|04/13/1998||2 for 1|
|Technology Stock Splits|
|IGTE is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|