Ebix Inc to Issue Quarterly Dividend of $0.08 (NASDAQ:EBIX)

Ebix Inc (NASDAQ:EBIX) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.075 per share by the technology company on Monday, December 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, November 29th.

Shares of Ebix stock opened at $34.05 on Wednesday. Ebix has a 52-week low of $31.06 and a 52-week high of $63.89. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.22. The company’s 50-day simple moving average is $38.91 and its 200-day simple moving average is $43.20. The firm has a market cap of $992.02 million, a price-to-earnings ratio of 7.84 and a beta of 1.47.

Ebix (NASDAQ:EBIX) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.41). Ebix had a return on equity of 22.39% and a net margin of 14.64%. The firm had revenue of $147.20 million for the quarter, compared to analyst estimates of $149.43 million. During the same quarter last 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 related news, Director Hans Ueli Keller bought 1,000 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now owns 17,428 shares of the company’s stock, valued at approximately $572,161.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.20% of the company’s stock.

EBIX has been the topic of several recent analyst reports. TheStreet upgraded shares of Ebix from a “f” rating to a “c” rating in a research report on Wednesday, September 18th. Craig Hallum restated a “buy” rating and set a $110.00 target price on shares of Ebix in a research report on Tuesday, November 12th. BMO Capital Markets lowered their target price on shares of Ebix from $50.00 to $46.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 13th. S&P Equity Research lowered their target price on shares of Ebix from $34.59 to $32.92 in a research report on Friday, November 15th. Finally, BidaskClub lowered shares of Ebix from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.88.

About Ebix

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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Dividend History for Ebix (NASDAQ:EBIX)

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