Handling of stock split (Netflix)

qudtp

First, Quicken popped up a window that told me there was a stock split, and asked if I wanted to accept it. I said yes.

But then when I went to accept the actual transaction, it asked me what this was, and one of the options was stock split. Again? So I picked that and it put up a dialog where it asked me to enter things like the old and new number of shares.

How should I know? I expect Quicken to figure that out. And it had already asked me about it.

So, I cancelled, and it ended up inserting an Add Shares.

Now I see that my Register contained a StkSplit (probably inserted by the first popup), and then an Add Shares (probably inserted when I cancelled the second dialog). The StkSplit transaction has a memo "from data feed" - which implies to me that this didn't come from Fidelity, but came from the quotes download.

I had to void the Add Shares to get the Holdings right.

If by some miracle I had figured out what I was supposed to enter in the second dialog, would it not have created a second StkSplit transaction? That would also make no sense. The StkSplit transaction already set the Share Bal to the right number. It seems like it's duplicate processing, and not correlating what it got from the data feed with what it downloaded from Fidelity.

Meanwhile, the same exact transaction in QMac was handled totally differently. There were no popups - Quicken simply inserted an Add Shares to bring the count up to the current number of shares. The memo text says "Stock split". The Inspector shows a Note of "Stock Split". (Of course - these are just words, not actionable information for Quicken.)

It almost looks like on Mac, it inserted something like a placeholder to increase the number of shares through Add Shares, with the memo text Fidelity provided, and it either didn't get, or ignored, anything from the "data feed." It didn't detect a split from either source.

So the two are handling this differently, and neither one seems technically correct, even though my holdings are now correct.

Did either version of Quicken handle this correctly?

Quicken Kristina

Hello @qudtp,

Thank you for reaching out. To clarify, did you get this prompt while running One Step Update and/or updating price history? In Quicken for Windows, when the program detects a stock split reflected in the price history, it will give you the prompt to enter a stock split. For more information, see this article: https://info.quicken.com/win/how-do-i-download-a-stock-split . Based on your description of what you saw in Quicken for Windows, it does sound like the process worked as expected, since the program does need you to manually enter some of the information.

Quicken for Mac does have a process to enter stock splits. See this article for more details: https://info.quicken.com/mac/adding-a-stock-split . It sounds like the way the data was sent to Quicken caused it to see the transaction as an add shares transaction instead of a stock split.

I hope this helps!