Zacks Investment Research downgraded shares of ZIX (NASDAQ:ZIXI) from a buy rating to a hold rating in a report published on Wednesday, December 27th.
According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
ZIXI has been the subject of a number of other research reports. BidaskClub raised shares of ZIX from a strong sell rating to a sell rating in a report on Friday, December 15th. Dougherty & Co decreased their price objective on shares of ZIX from $7.00 to $5.75 and set a buy rating for the company in a research note on Thursday, November 16th.
Shares of ZIX (ZIXI) opened at $4.57 on Wednesday. ZIX has a 12 month low of $4.16 and a 12 month high of $6.67. The company has a market capitalization of $252.37, a price-to-earnings ratio of 35.15, a PEG ratio of 1.61 and a beta of 1.27.
ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The business had revenue of $16.60 million during the quarter, compared to the consensus estimate of $16.83 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 8.5% on a year-over-year basis. analysts forecast that ZIX will post 0.13 EPS for the current year.
In other ZIX news, VP Dave Robertson sold 10,179 shares of ZIX stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $4.63, for a total value of $47,128.77. Following the transaction, the vice president now directly owns 133,282 shares of the company’s stock, valued at $617,095.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in ZIX during the third quarter valued at $539,000. Isthmus Partners LLC acquired a new position in ZIX during the third quarter valued at $378,000. EAM Investors LLC acquired a new position in ZIX during the second quarter valued at $540,000. Parametric Portfolio Associates LLC lifted its position in ZIX by 356.7% during the second quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock valued at $332,000 after purchasing an additional 45,570 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in ZIX by 15.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 40,824 shares of the software maker’s stock valued at $196,000 after buying an additional 5,455 shares in the last quarter. Institutional investors own 65.93% of the company’s stock.
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Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
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