Ebix (NASDAQ:EBIX) Lowered to F at TheStreet

TheStreet downgraded shares of Ebix (NASDAQ:EBIX) from a c+ rating to a f rating in a research report released on Thursday morning, TheStreetRatingsTable reports.

A number of other equities research analysts have also recently weighed in on the company. BidaskClub cut ZIX from a strong-buy rating to a buy rating in a research note on Friday, June 7th. Maxim Group restated a buy rating on shares of Ebix in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $42.30.

EBIX opened at $43.78 on Thursday. Ebix has a 1-year low of $39.27 and a 1-year high of $89.10. The firm has a fifty day simple moving average of $49.12. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.27. The company has a market cap of $1.36 billion, a PE ratio of 11.74 and a beta of 1.51.

Ebix (NASDAQ:EBIX) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. Ebix had a return on equity of 22.37% and a net margin of 17.40%. The business had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter in the prior year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. Analysts predict that Ebix will post 4.41 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in 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 acquiring an additional 72,066 shares during the period. Villere ST Denis J & Co. LLC increased its position in Ebix by 10.2% during the 1st 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 buying an additional 110,474 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ebix by 20.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 723,593 shares of the technology company’s stock valued at $30,798,000 after buying an additional 121,500 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in Ebix by 12.0% during the 4th quarter. Ashford Capital Management Inc. now owns 384,116 shares of the technology company’s stock valued at $16,348,000 after purchasing an additional 41,150 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ebix by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 326,072 shares of the technology company’s stock worth $13,878,000 after buying an additional 19,226 shares during the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.

About Ebix

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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