Teacher Retirement System of Texas acquired a new stake in shares of Ebix Inc (NASDAQ:EBIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,082 shares of the technology company’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EBIX. Crossmark Global Holdings Inc. acquired a new position in shares of Ebix during the 3rd quarter valued at about $532,000. Victory Capital Management Inc. increased its stake in shares of Ebix by 32.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,482 shares of the technology company’s stock valued at $227,000 after acquiring an additional 861 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Ebix by 9.8% during the 3rd quarter. Prudential Financial Inc. now owns 40,580 shares of the technology company’s stock valued at $2,648,000 after acquiring an additional 3,618 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ebix by 50.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,764 shares of the technology company’s stock valued at $768,000 after acquiring an additional 3,926 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Ebix by 13.5% during the 3rd quarter. New York State Common Retirement Fund now owns 44,928 shares of the technology company’s stock valued at $2,932,000 after acquiring an additional 5,330 shares during the last quarter. 63.97% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Ebix from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. BidaskClub raised shares of Ebix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Craig Hallum reissued a “buy” rating and set a $110.00 target price (up previously from $87.00) on shares of Ebix in a research report on Monday, March 5th. Finally, Sidoti increased their target price on shares of Ebix from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Ebix presently has an average rating of “Buy” and a consensus target price of $95.67.

In related news, EVP Leon Royden Thomas D’apice sold 3,500 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $77.45, for a total transaction of $271,075.00. Following the completion of the sale, the executive vice president now owns 63,971 shares of the company’s stock, valued at approximately $4,954,553.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.80% of the stock is currently owned by corporate insiders.

Shares of Ebix Inc (NASDAQ EBIX) opened at $82.30 on Wednesday. The stock has a market cap of $2,626.06, a P/E ratio of 26.31, a P/E/G ratio of 2.14 and a beta of 1.67. Ebix Inc has a 1 year low of $52.40 and a 1 year high of $87.50. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.72.

Ebix (NASDAQ:EBIX) last posted its earnings results on Thursday, March 1st. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. The firm had revenue of $104.68 million during the quarter, compared to the consensus estimate of $96.33 million. Ebix had a net margin of 27.65% and a return on equity of 20.67%. analysts expect that Ebix Inc will post 3.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, February 27th. Ebix’s dividend payout ratio (DPR) is presently 9.46%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/03/14/7082-shares-in-ebix-inc-ebix-purchased-by-teacher-retirement-system-of-texas.html.

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).

Want to see what other hedge funds are holding EBIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ebix Inc (NASDAQ:EBIX).

Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

Receive News & Ratings for Ebix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix and related companies with MarketBeat.com's FREE daily email newsletter.