Ebix Inc. (NASDAQ:EBIX) shares were up 3.2% during mid-day trading on Tuesday . The company traded as high as $57.66 and last traded at $57.57, with a volume of 112,493 shares trading hands. The stock had previously closed at $55.78.

A number of research analysts have issued reports on EBIX shares. Zacks Investment Research upgraded Ebix from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Thursday, August 11th. Tigress Financial upgraded Ebix from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 19th.

The firm has a market cap of $1.89 billion and a PE ratio of 22.46. The stock’s 50-day moving average price is $53.37 and its 200-day moving average price is $45.37.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business earned $72.60 million during the quarter, compared to the consensus estimate of $71.20 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Ebix Inc. will post $2.70 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.52%.

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

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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.