Ebix (EBIX) Earns Daily News Impact Rating of 0.16

Headlines about Ebix (NASDAQ:EBIX) have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. 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 sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.8174311118197 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of analysts have weighed in on the stock. BidaskClub lowered shares of Ebix from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Ebix from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.

Ebix (NASDAQ:EBIX) traded up 1.42% during trading on Wednesday, hitting $57.20. 60,498 shares of the stock traded hands. Ebix has a 12 month low of $50.17 and a 12 month high of $65.10. The stock has a market cap of $1.80 billion, a PE ratio of 18.95 and a beta of 1.76. The company has a 50-day moving average price of $55.07 and a 200-day moving average price of $58.15.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.07. Ebix had a net margin of 32.03% and a return on equity of 22.76%. The company had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $81 million. Equities research analysts expect that Ebix will post $2.94 EPS for the current year.

In other news, VP Graham John Prior sold 18,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $55.33, for a total value of $1,023,605.00. Following the completion of the sale, the vice president now owns 18,506 shares of the company’s stock, valued at approximately $1,023,936.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.00% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This piece was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/07/26/ebix-ebix-earns-daily-news-impact-rating-of-0-16.html.

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).

Insider Buying and Selling by Quarter for Ebix (NASDAQ:EBIX)

Receive News & Ratings for Ebix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply