Ebix Inc (NASDAQ:EBIX) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $99.50.
A number of research firms have recently issued reports on EBIX. ValuEngine lowered Ebix from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Maxim Group set a $113.00 price target on Ebix and gave the company a “buy” rating in a report on Friday, August 17th. BidaskClub downgraded Ebix from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, BMO Capital Markets initiated coverage on Ebix in a report on Wednesday, September 26th. They issued a “market perform” rating and a $85.00 price target for the company.
NASDAQ:EBIX traded up $0.14 on Friday, hitting $48.74. 99,603 shares of the stock were exchanged, compared to its average volume of 452,988. The firm has a market capitalization of $1.52 billion, a PE ratio of 15.38 and a beta of 1.64. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.56 and a quick ratio of 1.56. Ebix has a fifty-two week low of $47.84 and a fifty-two week high of $89.10.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.03). Ebix had a return on equity of 20.55% and a net margin of 23.85%. The firm had revenue of $128.64 million for the quarter, compared to analyst estimates of $128.63 million. The business’s revenue was up 38.6% compared to the same quarter last year. As a group, research analysts anticipate that Ebix will post 3.6 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.075 dividend. The ex-dividend date is Thursday, November 29th. Ebix’s dividend payout ratio is currently 9.46%.
In other Ebix news, CEO Robin Raina bought 1,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average cost of $52.45 per share, for a total transaction of $52,450.00. Following the transaction, the chief executive officer now directly owns 3,599,960 shares in the company, valued at $188,817,902. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fondation Rennes sold 12,800 shares of Ebix stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $77.20, for a total value of $988,160.00. Following the transaction, the insider now owns 3,425,981 shares in the company, valued at $264,485,733.20. The disclosure for this sale can be found here. 13.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of EBIX. ARK Investment Management LLC bought a new stake in shares of Ebix during the 3rd quarter worth $147,000. Pacer Advisors Inc. bought a new stake in shares of Ebix during the 3rd quarter worth $193,000. HRT Financial LLC bought a new stake in shares of Ebix during the 2nd quarter worth $217,000. Greenwood Capital Associates LLC bought a new stake in shares of Ebix during the 3rd quarter worth $230,000. Finally, First Hawaiian Bank bought a new stake in shares of Ebix during the 3rd quarter worth $245,000. Institutional investors own 75.14% of the company’s stock.
Ebix Company Profile
Ebix, Inc provides software and e-commerce solutions to insurance, finance, and healthcare 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 life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
Featured Story: Diversification in Your Portfolio
Receive News & Ratings for Ebix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix and related companies with MarketBeat.com's FREE daily email newsletter.