Ebix (EBIX) Receiving Somewhat Favorable News Coverage, Accern Reports
Media headlines about Ebix (NASDAQ:EBIX) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ebix earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2523520747721 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Ebix, Inc. : EBIX-US: Dividend Analysis : November 30th, 2017 (record date) : By the numbers : November 30, 2017 (finance.yahoo.com)
- EBIX INC : ex-dividend day (4-traders.com)
- Analysts Anticipate Ebix, Inc. (EBIX) to Announce $0.75 Earnings Per Share (americanbankingnews.com)
- Ebix (EBIX) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- EBIX INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
Ebix (NASDAQ EBIX) traded down $0.30 on Thursday, hitting $77.30. The stock had a trading volume of 152,128 shares, compared to its average volume of 180,132. The stock has a market cap of $2,436.23, a PE ratio of 25.07, a PEG ratio of 2.53 and a beta of 1.75. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. Ebix has a 52 week low of $52.40 and a 52 week high of $77.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 29th. Ebix’s payout ratio is presently 9.71%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Ebix from a “buy” rating to a “hold” rating in a research report on Tuesday. Craig Hallum restated a “buy” rating and issued a $87.00 target price (up previously from $80.00) on shares of Ebix in a research note on Thursday, November 9th. Finally, William Blair started coverage on Ebix in a research note on Wednesday, September 27th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ebix currently has a consensus rating of “Buy” and a consensus target price of $85.50.
In other news, CFO Sean T. Donaghy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.56, for a total value of $45,336.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hans U. Benz sold 2,850 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $73.30, for a total value of $208,905.00. Following the completion of the transaction, the director now owns 2,909 shares of the company’s stock, valued at approximately $213,229.70. The disclosure for this sale can be found here. Company insiders own 13.80% of the company’s stock.
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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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