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

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

The firm has a 50-day moving average price of $53.79 and a 200 day moving average price of $45.66. The stock has a market capitalization of $1.88 billion and a P/E ratio of 22.38.

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

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

In related news, Director Hans Ueli Keller sold 3,684 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $45.49, for a total value of $167,585.16. Following the sale, the director now directly owns 69,753 shares of the company’s stock, valued at approximately $3,173,063.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Kerris sold 1,211 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $47.73, for a total transaction of $57,801.03. Following the completion of the sale, the chief financial officer now directly owns 4,671 shares in the company, valued at $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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