Ebix Inc (NASDAQ:EBIX) EVP Leon Royden Thomas D’apice sold 3,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $77.45, for a total value of $271,075.00. Following the completion of the sale, the executive vice president now owns 63,971 shares in the company, valued at $4,954,553.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Ebix Inc (NASDAQ:EBIX) opened at $81.75 on Friday. The company has a market capitalization of $2,570.00, a price-to-earnings ratio of 26.46, a PEG ratio of 2.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.62. Ebix Inc has a 1-year low of $52.40 and a 1-year high of $82.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, November 29th. Ebix’s dividend payout ratio is currently 9.71%.
Several brokerages have recently commented on EBIX. William Blair began coverage on Ebix in a report on Wednesday, September 27th. They set an “outperform” rating on the stock. Sidoti increased their target price on Ebix from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Craig Hallum increased their target price on Ebix to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research cut Ebix from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBIX. Great West Life Assurance Co. Can raised its position in shares of Ebix by 3.0% during the second quarter. Great West Life Assurance Co. Can now owns 31,790 shares of the technology company’s stock worth $1,714,000 after purchasing an additional 923 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Ebix by 9.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 131,026 shares of the technology company’s stock worth $7,063,000 after buying an additional 10,783 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Ebix by 7.9% during the second quarter. Legal & General Group Plc now owns 44,190 shares of the technology company’s stock worth $2,383,000 after buying an additional 3,248 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Ebix by 59.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,838 shares of the technology company’s stock worth $422,000 after buying an additional 2,930 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of Ebix by 57.4% during the second quarter. Federated Investors Inc. PA now owns 6,235 shares of the technology company’s stock worth $336,000 after buying an additional 2,273 shares in the last quarter. 62.76% of the stock is currently owned by institutional investors.
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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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