Other analysts also recently issued reports about the company. Maxim Group reissued a “buy” rating on shares of Ebix in a research report on Thursday, May 9th. BMO Capital Markets decreased their target price on Ebix to $62.00 and set a “market perform” rating for the company in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.30.
Shares of EBIX opened at $50.43 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.46 and a quick ratio of 1.35. The company has a market cap of $1.53 billion, a P/E ratio of 13.52 and a beta of 1.54. Ebix has a 12 month low of $39.27 and a 12 month high of $89.10.
In other Ebix news, EVP Leon Royden Thomas D’apice sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $50.92, for a total value of $254,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Ebix by 1.9% in the first quarter. FMR LLC now owns 3,892,452 shares of the technology company’s stock valued at $192,171,000 after purchasing an additional 72,066 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ebix by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,251,861 shares of the technology company’s stock valued at $178,234,000 after purchasing an additional 55,539 shares in the last quarter. P2 Capital Partners LLC grew its position in shares of Ebix by 26.1% in the first quarter. P2 Capital Partners LLC now owns 1,444,400 shares of the technology company’s stock valued at $71,310,000 after purchasing an additional 299,400 shares in the last quarter. First Trust Advisors LP grew its position in shares of Ebix by 7.9% in the fourth quarter. First Trust Advisors LP now owns 1,335,507 shares of the technology company’s stock valued at $56,839,000 after purchasing an additional 97,849 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC grew its position in shares of Ebix by 10.2% in the first quarter. Villere ST Denis J & Co. LLC now owns 1,191,829 shares of the technology company’s stock valued at $58,840,000 after purchasing an additional 110,474 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.
Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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