Ebix, Inc. (NASDAQ:EBIX) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $75.00 for the company and are expecting that the company will post $0.67 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ebix an industry rank of 67 out of 265 based on the ratings given to related companies.
EBIX has been the subject of several analyst reports. Zacks Investment Research lowered shares of Ebix from a “hold” rating to a “sell” rating in a report on Monday, May 15th. BidaskClub upgraded shares of Ebix from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th.
In other Ebix news, VP Graham John Prior sold 18,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $55.33, for a total transaction of $1,023,605.00. Following the transaction, the vice president now owns 18,506 shares of the company’s stock, valued at approximately $1,023,936.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Ebix by 120,181.3% in the first quarter. BlackRock Inc. now owns 2,785,714 shares of the technology company’s stock worth $170,625,000 after buying an additional 2,783,398 shares during the period. Vanguard Group Inc. increased its position in shares of Ebix by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,103,333 shares of the technology company’s stock worth $128,830,000 after buying an additional 99,789 shares during the last quarter. First Trust Advisors LP increased its position in shares of Ebix by 4.7% in the first quarter. First Trust Advisors LP now owns 661,670 shares of the technology company’s stock worth $40,527,000 after buying an additional 29,583 shares during the last quarter. State Street Corp increased its position in shares of Ebix by 4.3% in the first quarter. State Street Corp now owns 597,053 shares of the technology company’s stock worth $36,572,000 after buying an additional 24,823 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC increased its position in shares of Ebix by 12,963.8% in the second quarter. Villere ST Denis J & Co. LLC now owns 587,871 shares of the technology company’s stock worth $31,686,000 after buying an additional 583,371 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.
Ebix (EBIX) traded down 0.09% during trading on Thursday, hitting $57.70. 70,280 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $55.47 and a 200 day moving average price of $58.13. Ebix has a 52-week low of $50.17 and a 52-week high of $65.10. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 18.98 and a beta of 1.76.
Ebix (NASDAQ:EBIX) last released its earnings results on Tuesday, May 9th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.07. The firm had revenue of $79.10 million during the quarter, compared to analyst estimates of $81 million. Ebix had a net margin of 32.03% and a return on equity of 22.76%. On average, equities research analysts predict that Ebix will post $2.94 earnings per share for the current year.
Ebix, Inc (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).
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