Shares of Ebix Inc. (NASDAQ:EBIX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.21 and last traded at $56.83, with a volume of 90,251 shares trading hands. The stock had previously closed at $56.18.

Several analysts have recently issued reports on the company. Tigress Financial upgraded Ebix from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 19th. Zacks Investment Research upgraded Ebix from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Thursday, August 11th.

The company has a market cap of $1.84 billion and a price-to-earnings ratio of 21.8539. The stock’s 50 day moving average is $52.61 and its 200 day moving average is $44.78.

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

The firm also recently announced 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. The ex-dividend date is Tuesday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.53%.

In related news, CFO Robert F. Kerris sold 1,211 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $47.73, for a total value of $57,801.03. Following the sale, the chief financial officer now directly owns 4,671 shares of the company’s stock, valued at $222,946.83. The sale 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 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 value of $167,585.16. Following the completion of the sale, the director now directly owns 69,753 shares in the company, valued at $3,173,063.97. 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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