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Ebix, Inc. (NASDAQ:EBIX – Get Rating) saw unusually large options trading on Thursday. Traders acquired 3,170 call options on the company. This is an increase of 61% compared to the typical volume of 1,975 call options.
Hedge Funds Weigh In On Ebix
Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System raised its position in shares of Ebix by 2.3% during the first quarter. New York State Teachers Retirement System now owns 28,534 shares of the technology company’s stock worth $946,000 after acquiring an additional 646 shares during the last quarter. Comerica Bank increased its holdings in Ebix by 3.1% in the first quarter. Comerica Bank now owns 20,566 shares of the technology company’s stock valued at $663,000 after purchasing an additional 625 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Ebix in the first quarter valued at about $25,000. Nisa Investment Advisors LLC increased its holdings in Ebix by 6.3% in the first quarter. Nisa Investment Advisors LLC now owns 6,700 shares of the technology company’s stock valued at $222,000 after purchasing an additional 400 shares during the last quarter. Finally, Factorial Partners LLC increased its holdings in Ebix by 18.4% in the first quarter. Factorial Partners LLC now owns 25,700 shares of the technology company’s stock valued at $852,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.
Ebix Stock Performance
Shares of NASDAQ:EBIX traded up $5.57 during trading on Thursday, hitting $21.60. 19,108 shares of the stock were exchanged, compared to its average volume of 262,529. Ebix has a 1-year low of $12.50 and a 1-year high of $44.42. The company has a market capitalization of $667.66 million, a price-to-earnings ratio of 9.60 and a beta of 2.55. The company’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $22.84.
Ebix (NASDAQ:EBIX – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The technology company reported $0.75 earnings per share for the quarter. The company had revenue of $250.78 million for the quarter, compared to analyst estimates of $270.25 million. Ebix had a return on equity of 12.43% and a net margin of 6.97%. Ebix’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS.
Ebix Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 31st. Ebix’s dividend payout ratio is currently 13.33%.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Ebix in a research note on Wednesday, October 12th. They set a “hold” rating for the company.
About Ebix
(Get Rating)
Ebix, Inc, together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions.
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