Ebix, Inc. (NASDAQ:EBIX) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in shares of Ebix, Inc. (NASDAQ:EBIX) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,975 shares of the technology company’s stock after purchasing an additional 1,510 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Ebix worth $452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its holdings in shares of Ebix by 2.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 27,839 shares of the technology company’s stock worth $621,000 after buying an additional 591 shares during the last quarter. Rocky Mountain Advisers LLC lifted its position in shares of Ebix by 20.4% during the second quarter. Rocky Mountain Advisers LLC now owns 4,275 shares of the technology company’s stock worth $96,000 after purchasing an additional 725 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Ebix by 5.3% during the first quarter. Thrivent Financial for Lutherans now owns 18,658 shares of the technology company’s stock worth $283,000 after purchasing an additional 932 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of Ebix during the second quarter worth about $26,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Ebix by 103.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,338 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.

Shares of EBIX opened at $20.88 on Friday. The company has a market capitalization of $645.46 million, a PE ratio of 7.08 and a beta of 2.06. Ebix, Inc. has a one year low of $8.75 and a one year high of $44.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.66 and a quick ratio of 1.66. The company’s fifty day moving average price is $21.17 and its 200 day moving average price is $21.29.

Ebix (NASDAQ:EBIX) last announced its earnings results on Friday, August 7th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.39 by $0.37. The firm had revenue of $113.10 million for the quarter, compared to the consensus estimate of $110.95 million. Ebix had a net margin of 16.65% and a return on equity of 19.79%. The business’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS.

A number of brokerages have issued reports on EBIX. ValuEngine cut shares of Ebix from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. BMO Capital Markets cut their target price on shares of Ebix from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday, August 10th. Finally, BidaskClub raised shares of Ebix from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th.

Ebix Profile

Ebix, Inc provides on-demand software and e-commerce services and solutions to insurance, financial, healthcare, and e-learning industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides Software-as-a-Service (SaaS) enterprise solutions in the area of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions.

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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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