Ebix Inc (NASDAQ:EBIX) – Equities research analysts at William Blair reduced their Q3 2018 EPS estimates for shares of Ebix in a research report issued on Monday, Zacks Investment Research reports. William Blair analyst A. Klauber now anticipates that the technology company will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.02. William Blair has a “Outperform” rating on the stock.
Several other research analysts also recently commented on EBIX. Craig Hallum lifted their price target on Ebix to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Ebix from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Monday, November 20th. Finally, Sidoti lifted their price objective on Ebix from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.67.
Ebix (EBIX) opened at $81.75 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2,570.00, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.74. Ebix has a 1 year low of $52.40 and a 1 year high of $82.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Wednesday, November 29th. Ebix’s payout ratio is presently 9.71%.
In other news, CFO Sean T. Donaghy sold 600 shares of Ebix stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.56, for a total transaction of $45,336.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hans U. Benz sold 2,850 shares of Ebix stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $73.30, for a total value of $208,905.00. Following the sale, the director now directly owns 2,909 shares in the company, valued at approximately $213,229.70. The disclosure for this sale can be found here. Insiders have sold a total of 6,950 shares of company stock worth $525,316 in the last three months. 13.80% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its stake in Ebix by 69.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the technology company’s stock valued at $101,000 after buying an additional 765 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Ebix in the 2nd quarter valued at $121,000. Victory Capital Management Inc. boosted its stake in Ebix by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the technology company’s stock valued at $141,000 after buying an additional 392 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Ebix by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,867 shares of the technology company’s stock valued at $154,000 after buying an additional 32 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Ebix by 10.5% in the 2nd quarter. US Bancorp DE now owns 2,991 shares of the technology company’s stock valued at $161,000 after buying an additional 285 shares in the last quarter. 62.76% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://ledgergazette.com/2018/01/13/q3-2018-eps-estimates-for-ebix-inc-ebix-cut-by-william-blair.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ebix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix and related companies with MarketBeat.com's FREE daily email newsletter.