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SirsiDynix was formed by the merger of the Dynix Corporation and the Sirsi Corporation in June 2005. The company is based in Lehi, Utah, and employs approximately 400 in offices worldwide. [7] It was bought out by Vista Equity Partners in December 2006, a private equity firm based in San Francisco, California. [8]
Between 2015 and 2020, Vista divested other companies, including selling BullHorn, Inc to Insight Venture Partners, [95] selling parts of Active Network to Global Payments Inc. [96] and selling NAVEX Global to BC Partners. [97] During this time, Vista also sold SirsiDynix to ICV Partners, [43] and Main Street Hub to GoDaddy for $125 million. [98]
A company may use a reverse split to push its stock price back over a certain threshold, typically $1 per share, in order to maintain compliance with an exchange’s rules. To raise the stock price.
During the 1990s, JDS Uniphase stock was a high-flyer tech stock investor favorite. Its stock price doubled three times and three stock splits of 2:1 occurred roughly every 90 days during the last half of 1999 through early 2000, making millionaires of many employees who were stock option holders, and further enabling JDS Uniphase to go on an ...
Few stocks have had as good a run as Palo Alto Networks (NASDAQ: PANW) has had over the past five years. The cybersecurity company's stock has risen by nearly 360%, which prompted management to ...
The average return after a stock split is announced in the year that follows is 25.4%. That's about a 13% greater return than the market over the same period. This chart lays it out nicely.
Investor's Business Daily (IBD) is an American newspaper and website covering the stock market, international business, finance and economics.Founded in 1984 by William O'Neil as a print news publication, it is owned by News Corp and is headquartered in Los Angeles, California. [1]
It completed a 3-for-1 split in September 2022, which reduced its stock price to $180 (from $540 before the split). However, the stock has surged 112% since then to trade at $383 as of this writing.