Dimensional Fund Advisors LP Boosts Position in Zix Corporation (ZIXI)
Dimensional Fund Advisors LP boosted its position in shares of Zix Corporation (NASDAQ:ZIXI) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,048,744 shares of the software maker’s stock after buying an additional 188,317 shares during the period. Dimensional Fund Advisors LP owned 3.87% of Zix Corporation worth $9,854,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ZIXI. Vanguard Group Inc. increased its stake in Zix Corporation by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,134,718 shares of the software maker’s stock worth $10,268,000 after buying an additional 100,217 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 last quarter. Algert Global LLC increased its stake in Zix Corporation by 17.1% in the first quarter. Algert Global LLC now owns 612,389 shares of the software maker’s stock worth $2,946,000 after buying an additional 89,447 shares during the last quarter. Geode Capital Management LLC increased its stake in Zix Corporation by 10.9% in the first quarter. Geode Capital Management LLC now owns 493,262 shares of the software maker’s stock worth $2,371,000 after buying an additional 48,355 shares during the last quarter. Finally, Oxford Asset Management increased its stake in Zix Corporation by 18.3% in the first quarter. Oxford Asset Management now owns 443,473 shares of the software maker’s stock worth $2,133,000 after buying an additional 68,702 shares during the last quarter. Institutional investors and hedge funds own 60.69% of the company’s stock.
Zix Corporation (NASDAQ:ZIXI) traded down 1.15% during midday trading on Monday, reaching $5.18. The company’s stock had a trading volume of 25,318 shares. The firm has a market cap of $280.28 million, a P/E ratio of 43.17 and a beta of 1.36. The firm has a 50 day moving average price of $5.50 and a 200 day moving average price of $5.38. Zix Corporation has a one year low of $3.70 and a one year high of $6.67.
Zix Corporation (NASDAQ:ZIXI) last announced its earnings results on Tuesday, August 1st. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The business had revenue of $16.38 million for the quarter, compared to analysts’ expectations of $16.34 million. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities research analysts forecast that Zix Corporation will post $0.28 EPS for the current fiscal year.
Zix Corporation announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 25th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
ZIXI has been the topic of a number of research reports. Dougherty & Co restated a “buy” rating and set a $7.00 price target (up previously from $5.50) on shares of Zix Corporation in a research report on Saturday, July 22nd. Imperial Capital downgraded Zix Corporation from an “outperform” rating to an “in-line” rating and set a $6.50 price target on the stock. in a research report on Tuesday, June 13th. BidaskClub downgraded Zix Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Zix Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two 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’s stock. Zix Corporation currently has a consensus rating of “Hold” and an average price target of $6.08.
Zix Corporation Company Profile
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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