According to Zacks, “Ebix Inc is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations. “
Ebix (NASDAQ:EBIX) opened at 56.76 on Monday. The company has a 50-day moving average of $56.60 and a 200-day moving average of $50.42. Ebix has a 52 week low of $25.91 and a 52 week high of $59.17. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 21.90 and a beta of 1.68.
Ebix (NASDAQ:EBIX) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm earned $72.60 million during the quarter, compared to analysts’ expectations of $71.20 million. Ebix had a net margin of 31.11% and a return on equity of 21.32%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. On average, equities analysts forecast that Ebix will post $2.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, August 30th. Ebix’s dividend payout ratio is currently 11.49%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ashford Capital Management Inc. boosted its position in shares of Ebix by 116.4% in the second quarter. Ashford Capital Management Inc. now owns 1,611,099 shares of the company’s stock worth $25,724,000 after buying an additional 866,499 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Ebix by 99.5% in the second quarter. Ameriprise Financial Inc. now owns 441,507 shares of the company’s stock worth $21,149,000 after buying an additional 220,214 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of Ebix during the second quarter worth about $10,253,000. Palisade Capital Management LLC NJ boosted its position in shares of Ebix by 54.2% in the first quarter. Palisade Capital Management LLC NJ now owns 311,719 shares of the company’s stock worth $12,715,000 after buying an additional 109,629 shares in the last quarter. Finally, EAM Investors LLC boosted its position in shares of Ebix by 241.7% in the second quarter. EAM Investors LLC now owns 78,842 shares of the company’s stock worth $3,777,000 after buying an additional 55,769 shares in the last quarter. Hedge funds and other institutional investors own 68.88% of the company’s stock.
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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