Rhumbline Advisers Acquires 2,719 Shares of Ebix, Inc. (NASDAQ:EBIX)

Rhumbline Advisers increased its holdings in shares of Ebix, Inc. (NASDAQ:EBIX) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,643 shares of the technology company’s stock after buying an additional 2,719 shares during the period. Rhumbline Advisers owned 0.24% of Ebix worth $2,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in Ebix during the first quarter valued at approximately $31,000. Captrust Financial Advisors grew its holdings in Ebix by 2,400.0% during the first quarter. Captrust Financial Advisors now owns 1,250 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,200 shares during the period. Russell Investments Group Ltd. acquired a new position in Ebix during the first quarter valued at approximately $170,000. Handelsbanken Fonder AB acquired a new position in Ebix during the second quarter valued at approximately $277,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Ebix by 45.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,644 shares of the technology company’s stock valued at $309,000 after purchasing an additional 3,018 shares during the period. 60.27% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ EBIX opened at $26.96 on Tuesday. The stock has a market cap of $834.22 million, a P/E ratio of 10.17 and a beta of 2.72. The firm has a 50 day moving average price of $29.15 and a 200 day moving average price of $30.37. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.96 and a current ratio of 1.96. Ebix, Inc. has a 52-week low of $17.83 and a 52-week high of $64.14.

Ebix (NASDAQ:EBIX) last issued its quarterly earnings data on Monday, August 9th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. The firm had revenue of $246.32 million during the quarter, compared to analysts’ expectations of $282.00 million. Ebix had a net margin of 8.93% and a return on equity of 15.37%. The business’s revenue for the quarter was up 121.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, September 3rd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, September 2nd.

Ebix Profile

Ebix, Inc engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following product and service channels: EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions. The EbixCash Exchanges channel offers money transfer, payment, and ticketing and travel services.

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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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