Ebix Inc (NASDAQ:EBIX) EVP Leon Royden Thomas D’apice sold 3,500 shares of Ebix stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $77.45, for a total transaction of $271,075.00. Following the completion of the transaction, the executive vice president now owns 63,971 shares of the company’s stock, valued at approximately $4,954,553.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ebix Inc (NASDAQ EBIX) traded down $0.25 during mid-day trading on Thursday, reaching $79.60. 121,400 shares of the company’s stock were exchanged, compared to its average volume of 180,269. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. Ebix Inc has a 12 month low of $52.40 and a 12 month high of $81.85. The firm has a market capitalization of $2,510.00, a PE ratio of 25.76, a P/E/G ratio of 2.60 and a beta of 1.74.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.30 dividend on an annualized basis and a yield of 0.38%. Ebix’s payout ratio is currently 9.71%.

A number of research firms have weighed in on EBIX. William Blair began coverage on shares of Ebix in a report on Wednesday, September 27th. They set an “outperform” rating on the stock. Craig Hallum raised their price objective on shares of Ebix to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of 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 raised their price objective on shares of Ebix from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.00.

Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of Ebix by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 106,268 shares of the technology company’s stock valued at $6,934,000 after acquiring an additional 5,668 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Ebix by 187.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,301 shares of the technology company’s stock valued at $215,000 after acquiring an additional 2,153 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Ebix in the 3rd quarter valued at $583,000. Granahan Investment Management Inc. MA increased its holdings in shares of Ebix by 144.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 169,912 shares of the technology company’s stock valued at $11,087,000 after acquiring an additional 100,371 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Ebix in the 3rd quarter valued at $214,000. 62.76% of the stock is currently owned by institutional investors.

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About Ebix

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).

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