News stories about Ebix (NASDAQ:EBIX) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ebix earned a news impact score of 0.39 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 59 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Share Performance in View for Ebix, Inc. (NASDAQ:EBIX) – Jonesboro Recorder (jonesbororecorder.com)
- InterXion Holding NV (INXN) registers a price change of -0.14% while Ebix, Inc. (EBIX) finishes with a flow of -0.45% – Stocks Gallery (stocksgallery.com)
- 6 Cheap Stocks With Growing Earnings (finance.yahoo.com)
- Insider Activity – Ebix, Inc. (NASDAQ:EBIX) – Highlight Press (highlightpress.com)
- Insider Selling: Ebix, Inc. (EBIX) VP Sells 18,500 Shares of Stock (americanbankingnews.com)
Separately, Zacks Investment Research upgraded Ebix from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Monday, March 6th.
Shares of Ebix (EBIX) traded down 0.82% during mid-day trading on Tuesday, reaching $54.60. The company’s stock had a trading volume of 153,971 shares. The company has a market cap of $1.72 billion, a PE ratio of 18.09 and a beta of 1.80. Ebix has a 52-week low of $44.80 and a 52-week high of $65.10. The company has a 50-day moving average price of $56.83 and a 200 day moving average price of $58.85.
Ebix (NASDAQ:EBIX) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Ebix had a return on equity of 22.76% and a net margin of 32.03%. The company had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $81 million. Equities analysts expect that Ebix will post $2.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date was Friday, May 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.55%. Ebix’s payout ratio is currently 9.90%.
In related news, EVP Leon Royden Thomas D’apice sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $60.68, for a total value of $455,100.00. Following the completion of the transaction, the executive vice president now directly owns 67,471 shares in the company, valued at $4,094,140.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Graham John Prior sold 18,500 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $55.33, for a total value of $1,023,605.00. Following the transaction, the vice president now owns 18,506 shares of the company’s stock, valued at $1,023,936.98. The disclosure for this sale can be found here. Insiders have sold 28,675 shares of company stock valued at $1,640,329 in the last three months. Insiders own 13.00% of the company’s stock.
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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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