Algert Global LLC lowered its stake in Zix Corp. (NASDAQ:ZIXI) by 13.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 505,944 shares of the company’s stock after selling 78,757 shares during the period. Algert Global LLC’s holdings in Zix Corp. were worth $2,074,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in Zix Corp. during the first quarter worth $103,000. Prudential Financial Inc. boosted its stake in Zix Corp. by 7.0% in the second quarter. Prudential Financial Inc. now owns 27,423 shares of the company’s stock worth $103,000 after buying an additional 1,800 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Zix Corp. by 31.2% in the second quarter. JPMorgan Chase & Co. now owns 27,944 shares of the company’s stock worth $105,000 after buying an additional 6,647 shares in the last quarter. BlackRock Inc. boosted its stake in Zix Corp. by 838.5% in the second quarter. BlackRock Inc. now owns 34,631 shares of the company’s stock worth $130,000 after buying an additional 30,941 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its stake in Zix Corp. by 68.4% in the second quarter. Alambic Investment Management L.P. now owns 42,100 shares of the company’s stock worth $158,000 after buying an additional 17,100 shares in the last quarter. Institutional investors own 64.59% of the company’s stock.
Shares of Zix Corp. (NASDAQ:ZIXI) opened at 4.02 on Wednesday. Zix Corp. has a 1-year low of $3.23 and a 1-year high of $5.78. The firm has a market capitalization of $212.41 million, a PE ratio of 45.68 and a beta of 0.99. The company has a 50-day moving average of $4.02 and a 200-day moving average of $3.93.
Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $14.90 million for the quarter, compared to analyst estimates of $14.70 million. Zix Corp. had a net margin of 8.43% and a return on equity of 23.08%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities research analysts predict that Zix Corp. will post $0.24 EPS for the current fiscal year.
ZIXI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Zix Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Imperial Capital restated an “outperform” rating and issued a $5.50 price target on shares of Zix Corp. in a report on Monday, July 25th. Finally, TheStreet cut shares of Zix Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.50.
In other Zix Corp. news, Director Richard Spurr sold 25,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $4.20, for a total transaction of $105,000.00. Following the sale, the director now directly owns 123,048 shares in the company, valued at $516,801.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.60% of the company’s stock.
Zix Corp. Company Profile
Zix Corporation (ZixCorp) offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
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