Ebix Inc. (NASDAQ:EBIX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $58.51 and last traded at $58.40, with a volume of 61,135 shares changing hands. The stock had previously closed at $58.21.

A number of brokerages have commented on EBIX. Zacks Investment Research cut Ebix from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Tigress Financial raised Ebix from an “underperform” rating to a “neutral” rating in a report on Thursday, May 19th.

The company has a market capitalization of $1.88 billion and a PE ratio of 22.35. The company’s 50 day moving average is $53.50 and its 200-day moving average is $45.57.

Ebix (NASDAQ:EBIX) last released its quarterly earnings results on Monday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $72.60 million for the quarter, compared to analysts’ expectations of $71.20 million. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. Equities analysts forecast that Ebix Inc. will post $2.70 EPS for the current year.

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

In related news, Director Hans Ueli Keller sold 3,684 shares of the firm’s stock in a transaction dated 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 $3,173,063.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert F. Kerris sold 1,211 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was 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).

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