Ebix Inc. (EBIX) Hits New 52-Week High at $58.51
Shares of Ebix Inc. (NASDAQ:EBIX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $58.51 and last traded at $58.40, with a volume of 61,135 shares trading hands. The stock had previously closed at $58.21.
EBIX has been the subject of several recent research reports. Zacks Investment Research lowered shares of Ebix from a “buy” rating to a “hold” rating in a research note 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 stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 22.18. The company’s 50 day moving average is $54.06 and its 200 day moving average is $45.74.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. During the same period in the prior year, the business earned $0.54 earnings per share. The firm had revenue of $72.60 million for the quarter, compared to the consensus estimate of $71.20 million. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts forecast that Ebix Inc. will post $2.70 earnings per share for the current year.
The company 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 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other Ebix news, CFO Robert F. Kerris sold 1,211 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $47.73, for a total value of $57,801.03. Following the completion of the sale, the chief financial officer now owns 4,671 shares in the company, valued at approximately $222,946.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hans Ueli Keller sold 3,684 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $45.49, for a total transaction of $167,585.16. Following the completion of the sale, the director now owns 69,753 shares of the company’s stock, valued at approximately $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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