Oxford Asset Management Purchases Shares of 3,525 Ebix, Inc. (EBIX)

Oxford Asset Management bought a new position in Ebix, Inc. (NASDAQ:EBIX) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 3,525 shares of the technology company’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in shares of Ebix by 189.1% in the first quarter. Creative Planning now owns 2,278 shares of the technology company’s stock worth $140,000 after buying an additional 1,490 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Ebix by 195.5% in the first quarter. LS Investment Advisors LLC now owns 2,494 shares of the technology company’s stock worth $153,000 after buying an additional 1,650 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Ebix by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 3,285 shares of the technology company’s stock worth $201,000 after buying an additional 672 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Ebix during the first quarter worth $202,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ebix during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 64.27% of the company’s stock.

Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

Shares of Ebix, Inc. (EBIX) opened at 55.25 on Friday. The firm has a 50-day moving average of $56.62 and a 200-day moving average of $58.82. Ebix, Inc. has a 52-week low of $44.80 and a 52-week high of $65.10. The stock has a market cap of $1.74 billion, a P/E ratio of 18.30 and a beta of 1.80.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.07. Ebix had a net margin of 32.03% and a return on equity of 22.76%. The firm had revenue of $79.10 million for the quarter, compared to analyst estimates of $81 million. On average, equities analysts expect that Ebix, Inc. will post $2.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, May 26th. Ebix’s payout ratio is currently 9.90%.

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Separately, Zacks Investment Research downgraded shares of Ebix from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.

In other Ebix news, VP Graham John Prior sold 18,500 shares of Ebix stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $55.33, for a total value of $1,023,605.00. Following the transaction, the vice president now owns 18,506 shares of the company’s stock, valued at $1,023,936.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.00% of the company’s stock.

About Ebix

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EBIX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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