Renaissance Technologies LLC decreased its holdings in Zix Co. (NASDAQ:ZIXI) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,957,800 shares of the software maker’s stock after selling 232,005 shares during the period. Renaissance Technologies LLC owned about 7.13% of ZIX worth $35,976,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new position in shares of ZIX during the second quarter valued at $42,000. Manchester Capital Management LLC purchased a new position in shares of ZIX during the second quarter valued at $44,000. Quantamental Technologies LLC increased its stake in shares of ZIX by 71.1% during the first quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock valued at $40,000 after buying an additional 2,417 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ZIX during the second quarter valued at $91,000. Finally, First Quadrant L P CA purchased a new position in shares of ZIX during the second quarter valued at $93,000. Institutional investors and hedge funds own 72.63% of the company’s stock.
Several equities analysts have recently commented on ZIXI shares. Cowen started coverage on ZIX in a research note on Thursday, May 23rd. They set an “outperform” rating and a $11.00 price target on the stock. BidaskClub lowered ZIX from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. TheStreet lowered ZIX from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th. ValuEngine lowered ZIX from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research raised ZIX from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research report on Saturday, August 10th. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $11.13.
ZIXI stock traded up $0.11 during trading on Friday, reaching $8.04. 13,582 shares of the company traded hands, compared to its average volume of 541,382. Zix Co. has a 12 month low of $4.66 and a 12 month high of $11.15. The business has a 50 day simple moving average of $7.98 and a 200 day simple moving average of $8.37. The company has a market capitalization of $404.76 million, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.33 and a current ratio of 0.33.
ZIX (NASDAQ:ZIXI) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). ZIX had a net margin of 1.55% and a return on equity of 31.03%. The company had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. During the same period in the previous year, the business earned $0.07 EPS. ZIX’s revenue for the quarter was up 162.4% compared to the same quarter last year. As a group, research analysts forecast that Zix Co. will post 0.33 EPS for the current year.
Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.
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