Zix Corp. (NASDAQ:ZIXI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Zix Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Imperial Capital reaffirmed an “outperform” rating and issued a $5.50 price objective on shares of Zix Corp. in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $5.50.
Zix Corp. (NASDAQ:ZIXI) opened at 4.02 on Wednesday. The firm’s 50-day moving average is $3.94 and its 200 day moving average is $3.91. Zix Corp. has a one year low of $3.23 and a one year high of $5.78. The stock has a market cap of $212.41 million, a P/E ratio of 45.68 and a beta of 1.18.
Zix Corp. (NASDAQ:ZIXI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business earned $14.90 million during 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 company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, analysts anticipate that Zix Corp. will post $0.24 EPS for the current fiscal year.
In related news, Director Richard Spurr sold 25,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $4.09, for a total value of $102,250.00. Following the transaction, the director now owns 148,048 shares in the company, valued at approximately $605,516.32. The sale was disclosed in a filing with the SEC, which is available through this link. 3.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in shares of Zix Corp. during the first quarter valued at $103,000. Prudential Financial Inc. increased its position in shares of Zix Corp. by 7.0% in the second quarter. Prudential Financial Inc. now owns 27,423 shares of the company’s stock valued at $103,000 after buying an additional 1,800 shares during the period. JPMorgan Chase & Co. increased its position in shares of Zix Corp. by 31.2% in the second quarter. JPMorgan Chase & Co. now owns 27,944 shares of the company’s stock valued at $105,000 after buying an additional 6,647 shares during the period. BlackRock Inc. increased its position in shares of Zix Corp. by 838.5% in the second quarter. BlackRock Inc. now owns 34,631 shares of the company’s stock valued at $130,000 after buying an additional 30,941 shares during the period. Finally, Alambic Investment Management L.P. increased its position in shares of Zix Corp. by 68.4% in the second quarter. Alambic Investment Management L.P. now owns 42,100 shares of the company’s stock valued at $158,000 after buying an additional 17,100 shares during the period. Institutional investors own 64.59% of the company’s stock.
About Zix Corp.
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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