Shares of Ebix Inc (NASDAQ:EBIX) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $54.89 and last traded at $52.56, with a volume of 213,773 shares traded. The stock had previously closed at $53.32.

A number of equities analysts recently weighed in on EBIX shares. Zacks Investment Research lowered shares of Ebix from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Tigress Financial upgraded shares of Ebix from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 19th.

The company has a market capitalization of $1.75 billion and a PE ratio of 21.95. The firm has a 50-day moving average price of $49.90 and a 200 day moving average price of $42.65.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $71.10 million for the quarter, compared to analyst estimates of $69.35 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Equities research analysts expect that Ebix Inc will post $2.66 EPS for the current year.

In other news, CFO Robert F. Kerris sold 1,211 shares of Ebix stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $47.73, for a total transaction of $57,801.03. Following the completion of the transaction, the chief financial officer now directly owns 4,671 shares of the company’s stock, valued at approximately $222,946.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hans Ueli Keller sold 3,684 shares of Ebix stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $45.49, for a total transaction of $167,585.16. Following the transaction, the director now directly owns 69,753 shares of the company’s stock, valued at $3,173,063.97. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of EBIX. Morgan Stanley raised its position in Ebix by 23.0% in the fourth quarter. Morgan Stanley now owns 274,813 shares of the company’s stock valued at $9,011,000 after buying an additional 51,443 shares during the period. California Public Employees Retirement System raised its position in Ebix by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 168,600 shares of the company’s stock valued at $5,528,000 after buying an additional 1,100 shares during the period. Finally, California State Teachers Retirement System raised its position in Ebix by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 49,639 shares of the company’s stock valued at $1,628,000 after buying an additional 876 shares during the period.

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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