News stories about Ebix (NASDAQ:EBIX) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ebix earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.8914824537659 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms recently commented on EBIX. Zacks Investment Research lowered Ebix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Craig Hallum reaffirmed a “buy” rating and issued a $87.00 price objective (up from $80.00) on shares of Ebix in a research note on Thursday, November 9th. Finally, William Blair began coverage on Ebix in a research note on Wednesday, September 27th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ebix currently has an average rating of “Buy” and an average price target of $85.50.
Ebix (NASDAQ EBIX) opened at $77.70 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2,460.00, a P/E ratio of 24.90, a P/E/G ratio of 2.51 and a beta of 1.74. Ebix has a 12 month low of $52.40 and a 12 month high of $78.30.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 of this dividend is Wednesday, November 29th. Ebix’s dividend payout ratio is currently 9.71%.
In related news, CFO Sean T. Donaghy sold 600 shares of Ebix 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 document filed with the SEC, which can be accessed through this link. Also, Director Hans U. Benz sold 2,850 shares of Ebix stock in a transaction that occurred 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 transaction, the director now directly owns 2,909 shares in the company, valued at $213,229.70. The disclosure for this sale can be found here. 13.80% of the stock is owned by 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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