Several other brokerages have also recently weighed in on EBIX. Craig Hallum reissued a buy rating and set a $110.00 price objective on shares of Ebix in a research note on Tuesday, November 12th. S&P Equity Research dropped their target price on Ebix from $34.59 to $32.92 in a research report on Friday, November 15th. TheStreet upgraded Ebix from a f rating to a c rating in a research report on Wednesday, September 18th. Finally, BMO Capital Markets dropped their target price on Ebix from $50.00 to $46.00 and set a market perform rating for the company in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Ebix currently has a consensus rating of Hold and an average price target of $62.97.
NASDAQ EBIX traded down $0.01 during trading hours on Thursday, hitting $35.16. 263,012 shares of the company were exchanged, compared to its average volume of 228,923. The stock has a 50-day moving average price of $33.14 and a 200 day moving average price of $38.89. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.22. Ebix has a 52 week low of $31.06 and a 52 week high of $63.89. The stock has a market cap of $1.07 billion, a PE ratio of 12.93 and a beta of 1.34.
Ebix (NASDAQ:EBIX) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.41). Ebix had a return on equity of 22.39% and a net margin of 14.64%. The company had revenue of $147.20 million for the quarter, compared to the consensus estimate of $149.43 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year.
In other Ebix news, Director Hans Ueli Keller bought 1,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 17,428 shares of the company’s stock, valued at $572,161.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 14.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in EBIX. Anchor Capital Advisors LLC boosted its holdings in shares of Ebix by 7.3% in the third quarter. Anchor Capital Advisors LLC now owns 8,850 shares of the technology company’s stock valued at $373,000 after purchasing an additional 605 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Ebix in the third quarter valued at approximately $311,000. Villere ST Denis J & Co. LLC boosted its holdings in shares of Ebix by 28.9% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,629,462 shares of the technology company’s stock valued at $68,600,000 after purchasing an additional 365,005 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Ebix by 1.2% in the third quarter. California State Teachers Retirement System now owns 36,254 shares of the technology company’s stock valued at $1,526,000 after purchasing an additional 433 shares during the period. Finally, Ashford Capital Management Inc. boosted its holdings in shares of Ebix by 10.6% in the second quarter. Ashford Capital Management Inc. now owns 516,786 shares of the technology company’s stock valued at $25,953,000 after purchasing an additional 49,510 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.
Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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