Teachers Advisors LLC reduced its position in shares of Ebix, Inc. (NASDAQ:EBIX) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,062 shares of the technology company’s stock after selling 483 shares during the period. Teachers Advisors LLC owned about 0.14% of Ebix worth $2,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC lifted its position in shares of Ebix by 69.5% during the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the technology company’s stock worth $101,000 after purchasing an additional 765 shares in the last quarter. Century Capital Management LLC lifted its position in shares of Ebix by 2.6% during the second quarter. Century Capital Management LLC now owns 85,314 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 2,165 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Ebix by 1.4% during the second quarter. Alliancebernstein L.P. now owns 36,500 shares of the technology company’s stock worth $1,967,000 after purchasing an additional 500 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Ebix by 24.7% during the second quarter. Wells Fargo & Company MN now owns 34,325 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 6,801 shares in the last quarter. Finally, Atwood & Palmer Inc. lifted its position in shares of Ebix by 3.5% during the second quarter. Atwood & Palmer Inc. now owns 309,431 shares of the technology company’s stock worth $16,678,000 after purchasing an additional 10,367 shares in the last quarter. 61.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ebix, Inc. (EBIX) opened at 66.35 on Friday. Ebix, Inc. has a 12-month low of $52.40 and a 12-month high of $67.20. The company has a 50-day moving average of $62.08 and a 200 day moving average of $58.48. The firm has a market capitalization of $2.09 billion, a PE ratio of 21.61 and a beta of 1.79.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $87.39 million for the quarter, compared to the consensus estimate of $81.35 million. Ebix had a net margin of 30.69% and a return on equity of 22.02%. On average, analysts predict that Ebix, Inc. will post $3.05 EPS for the current year.

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A number of research firms have recently commented on EBIX. BidaskClub cut shares of Ebix from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of Ebix from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, William Blair initiated coverage on shares of Ebix in a report on Wednesday, September 27th. They issued an “outperform” rating on the stock.

Ebix 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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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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