Media headlines about Ebix (NASDAQ:EBIX) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ebix earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6837076002987 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Ebix (NASDAQ EBIX) opened at $77.60 on Friday. Ebix has a 1 year low of $52.40 and a 1 year high of $77.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $2,431.52, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.53 and a beta of 1.74.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.39%. Ebix’s dividend payout ratio (DPR) is 9.71%.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Ebix from a “buy” rating to a “hold” rating in a research note on Tuesday. Craig Hallum reiterated a “buy” rating and issued a $87.00 target price (up from $80.00) on shares of Ebix in a research report on Thursday, November 9th. Finally, William Blair began coverage on Ebix in a research report on Wednesday, September 27th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average 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 dated Thursday, November 16th. The stock was sold at an average price of $75.56, for a total transaction of $45,336.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hans U. Benz sold 2,850 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $73.30, for a total value of $208,905.00. Following the transaction, the director now owns 2,909 shares of the company’s stock, valued at $213,229.70. The disclosure for this sale can be found here. 13.80% of the stock is owned by company insiders.
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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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