Ebix Inc (EBIX) Shares Sold by Wasatch Advisors Inc.

Wasatch Advisors Inc. trimmed its position in Ebix Inc (NASDAQ:EBIX) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 270,485 shares of the technology company’s stock after selling 3,623 shares during the quarter. Wasatch Advisors Inc.’s holdings in Ebix were worth $21,436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Pinebridge Investments L.P. increased its position in Ebix by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,867 shares of the technology company’s stock valued at $154,000 after buying an additional 32 shares in the last quarter. Victory Capital Management Inc. increased its position in Ebix by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the technology company’s stock valued at $141,000 after buying an additional 392 shares in the last quarter. Alliancebernstein L.P. increased its position in Ebix by 1.4% in the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the technology company’s stock valued at $1,967,000 after buying an additional 500 shares in the last quarter. Riverhead Capital Management LLC increased its position in Ebix by 69.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the technology company’s stock valued at $101,000 after buying an additional 765 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Ebix by 8.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,180 shares of the technology company’s stock valued at $710,000 after buying an additional 990 shares in the last quarter. 62.76% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Leon Royden Thomas D’apice sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $77.45, for a total value of $271,075.00. Following the transaction, the executive vice president now owns 63,971 shares in the company, valued at approximately $4,954,553.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sean T. Donaghy sold 600 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.56, for a total value of $45,336.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,950 shares of company stock valued at $525,316 in the last quarter. Company insiders own 13.80% of the company’s stock.

EBIX has been the subject of a number of analyst reports. Craig Hallum reiterated a “buy” rating and set a $87.00 price target (up previously from $80.00) on shares of Ebix in a research note on Thursday, November 9th. Zacks Investment Research upgraded Ebix from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Tuesday, January 2nd. Sidoti lifted their price target on Ebix from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, William Blair initiated coverage on Ebix in a research note on Wednesday, September 27th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $88.67.

Ebix Inc (NASDAQ EBIX) opened at $81.25 on Wednesday. The stock has a market capitalization of $2,571.49, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.62. Ebix Inc has a 12 month low of $52.40 and a 12 month high of $83.30.

Ebix (NASDAQ:EBIX) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Ebix had a return on equity of 21.31% and a net margin of 29.08%. equities research analysts expect that Ebix Inc will post 3.07 earnings per share for the current fiscal year.

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Ebix Company Profile

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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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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