BEA Systems, Inc. (Nasdaq: BEAS) rose 9 1/16 to 97 3/8 Friday after shareholders of the San Jose, California-based processor of e-commerce transactions approved a 2-for-1 stock split.
Shareholders of record April 7th will receive the extra shares in the form of a stock dividend. There will be 1.035 billion shares outstanding after the split, up from 285 million currently.
BEA serves such companies as Amazon.com, Federal Express, E*Trade and DirecTV. It provides e-commerce transaction software, as well as consulting, education and support services.