Ebix Inc (EBIX) Holdings Reduced by KBC Group NV
KBC Group NV reduced its position in Ebix Inc (NASDAQ:EBIX) by 36.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,757 shares of the technology company’s stock after selling 10,228 shares during the quarter. KBC Group NV owned about 0.06% of Ebix worth $1,159,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of EBIX. Villere ST Denis J & Co. LLC boosted its holdings in shares of Ebix by 55.3% in the third quarter. Villere ST Denis J & Co. LLC now owns 912,821 shares of the technology company’s stock valued at $59,561,000 after acquiring an additional 324,950 shares during the period. AHL Partners LLP lifted its holdings in shares of Ebix by 193.2% during the second quarter. AHL Partners LLP now owns 117,471 shares of the technology company’s stock worth $6,332,000 after purchasing an additional 77,404 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Ebix by 14.4% during the third quarter. Ameriprise Financial Inc. now owns 380,066 shares of the technology company’s stock worth $24,798,000 after purchasing an additional 47,796 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Ebix during the third quarter worth $2,538,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ebix by 50.3% during the second quarter. Goldman Sachs Group Inc. now owns 103,347 shares of the technology company’s stock worth $5,571,000 after purchasing an additional 34,570 shares during the period. 63.05% of the stock is owned by institutional investors and hedge funds.
In other Ebix news, Director Hans U. Benz sold 2,850 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $73.30, for a total value of $208,905.00. Following the completion of the sale, the director now owns 2,909 shares of the company’s stock, valued at $213,229.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sean T. Donaghy sold 600 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $75.56, for a total value of $45,336.00. The disclosure for this sale can be found here. 13.80% of the stock is owned by company insiders.
Shares of Ebix Inc (NASDAQ:EBIX) opened at $78.20 on Thursday. 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 Inc has a fifty-two week low of $52.40 and a fifty-two week high of $78.53. The firm has a market capitalization of $2,428.37, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.52 and a beta of 1.74.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, November 29th. Ebix’s dividend payout ratio is presently 9.71%.
Several brokerages recently weighed in on EBIX. Zacks Investment Research raised Ebix from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Monday, November 20th. Craig Hallum reaffirmed a “buy” rating and set a $87.00 price target (up from $80.00) on shares of Ebix in a report on Thursday, November 9th. Finally, William Blair began coverage on Ebix in a report on Wednesday, September 27th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ebix presently has a consensus rating of “Buy” and a consensus price target of $85.50.
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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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