LS Investment Advisors LLC Has $133,000 Stake in Ebix, Inc. (NASDAQ:EBIX)
LS Investment Advisors LLC lowered its stake in Ebix, Inc. (NASDAQ:EBIX) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,471 shares of the technology company’s stock after selling 23 shares during the period. LS Investment Advisors LLC’s holdings in Ebix were worth $133,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Ebix by 69.1% in the first quarter. Victory Capital Management Inc. now owns 2,229 shares of the technology company’s stock valued at $137,000 after buying an additional 911 shares during the period. Creative Planning raised its stake in Ebix by 189.1% in the first quarter. Creative Planning now owns 2,278 shares of the technology company’s stock valued at $140,000 after buying an additional 1,490 shares during the period. Advisors Asset Management Inc. raised its stake in Ebix by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 3,285 shares of the technology company’s stock valued at $201,000 after buying an additional 672 shares during the period. Ameritas Investment Partners Inc. raised its stake in Ebix by 168.6% in the first quarter. Ameritas Investment Partners Inc. now owns 3,296 shares of the technology company’s stock valued at $202,000 after buying an additional 2,069 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Ebix during the first quarter valued at about $202,000. 64.46% of the stock is currently owned by institutional investors.
Ebix, Inc. (EBIX) traded down 1.29% during mid-day trading on Friday, hitting $57.25. The stock had a trading volume of 80,497 shares. The company’s 50 day moving average is $56.22 and its 200-day moving average is $58.20. The stock has a market capitalization of $1.80 billion, a P/E ratio of 18.65 and a beta of 1.76. Ebix, Inc. has a 52 week low of $52.38 and a 52 week high of $65.10.
Ebix (NASDAQ:EBIX) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Ebix had a return on equity of 22.02% and a net margin of 30.69%. The company had revenue of $87.39 million for the quarter, compared to analyst estimates of $81.35 million. On average, analysts expect that Ebix, Inc. will post $3.01 EPS for the current fiscal year.
Several research firms have recently issued reports on EBIX. BidaskClub raised Ebix from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Ebix from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th.
In related news, VP Graham John Prior sold 18,500 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $55.33, for a total transaction of $1,023,605.00. Following the sale, the vice president now directly owns 18,506 shares in the company, valued at approximately $1,023,936.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.00% of the company’s stock.
Ebix Company Profile
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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