KCG Holdings Inc. bought a new position in shares of Zix Corporation (NASDAQ:ZIXI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,816 shares of the software maker’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. increased its position in Zix Corporation by 1,385.2% in the first quarter. Alliancebernstein L.P. now owns 357,736 shares of the software maker’s stock worth $1,721,000 after buying an additional 333,650 shares during the period. Renaissance Technologies LLC increased its position in Zix Corporation by 10.9% in the first quarter. Renaissance Technologies LLC now owns 3,367,890 shares of the software maker’s stock worth $16,200,000 after buying an additional 331,490 shares during the period. JPMorgan Chase & Co. increased its position in Zix Corporation by 54.2% in the first quarter. JPMorgan Chase & Co. now owns 618,136 shares of the software maker’s stock worth $2,973,000 after buying an additional 217,199 shares during the period. Dimensional Fund Advisors LP increased its position in Zix Corporation by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,048,744 shares of the software maker’s stock worth $9,854,000 after buying an additional 188,317 shares during the period. Finally, Acadian Asset Management LLC increased its position in Zix Corporation by 95.6% in the first quarter. Acadian Asset Management LLC now owns 362,522 shares of the software maker’s stock worth $1,745,000 after buying an additional 177,164 shares during the period. 64.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Zix Corporation (NASDAQ ZIXI) traded down 0.39% on Thursday, hitting $5.13. 6,399 shares of the stock were exchanged. Zix Corporation has a 52-week low of $3.65 and a 52-week high of $6.67. The stock has a market cap of $277.58 million, a PE ratio of 42.75 and a beta of 1.36. The company’s 50 day moving average is $5.63 and its 200-day moving average is $5.37.

Zix Corporation (NASDAQ:ZIXI) last released its earnings results on Tuesday, August 1st. The software maker reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Zix Corporation had a return on equity of 16.24% and a net margin of 10.48%. The firm had revenue of $16.38 million for the quarter, compared to analysts’ expectations of $16.34 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts predict that Zix Corporation will post $0.28 EPS for the current fiscal year.

Zix Corporation announced that its board has authorized a stock buyback plan on Tuesday, April 25th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the software maker to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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A number of research analysts have commented on ZIXI shares. Dougherty & Co reissued a “buy” rating and set a $7.00 target price (up previously from $5.50) on shares of Zix Corporation in a research report on Saturday, July 22nd. Imperial Capital downgraded shares of Zix Corporation from an “outperform” rating to an “in-line” rating and set a $6.50 target price on the stock. in a research report on Tuesday, June 13th. BidaskClub downgraded shares of Zix Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Zix Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.08.

In other Zix Corporation news, Director Richard Spurr sold 28,995 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $5.79, for a total value of $167,881.05. Following the transaction, the director now directly owns 42,348 shares in the company, valued at $245,194.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,101 shares of company stock worth $204,212 over the last quarter. 4.50% of the stock is currently owned by insiders.

About Zix Corporation

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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Institutional Ownership by Quarter for Zix Corporation (NASDAQ:ZIXI)

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