Cornercap Investment Counsel Inc. raised its position in Zix Co. (NASDAQ:ZIXI) by 39.5% during the fourth quarter, Holdings Channel reports. The firm owned 175,020 shares of the software maker’s stock after buying an additional 49,545 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in ZIX were worth $767,000 as of its most recent SEC filing.
Separately, SG Americas Securities LLC acquired a new position in shares of ZIX in the 3rd quarter valued at $539,000. Institutional investors and hedge funds own 65.52% of the company’s stock.
Several research analysts have recently issued reports on ZIXI shares. Dougherty & Co lowered their target price on shares of ZIX from $7.00 to $5.75 and set a “buy” rating for the company in a report on Thursday, November 16th. TheStreet cut shares of ZIX from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Zacks Investment Research cut shares of ZIX from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Imperial Capital restated an “in-line” rating and issued a $4.50 target price (down previously from $5.50) on shares of ZIX in a report on Monday, February 26th. Finally, BidaskClub upgraded shares of ZIX from a “strong sell” rating to a “sell” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.17.
Shares of Zix Co. (NASDAQ:ZIXI) opened at $4.28 on Wednesday. The firm has a market cap of $237.61, a price-to-earnings ratio of 48.56, a P/E/G ratio of 1.53 and a beta of 1.07. Zix Co. has a 52 week low of $3.82 and a 52 week high of $6.67.
ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $16.80 million during the quarter, compared to analysts’ expectations of $16.72 million. ZIX had a negative net margin of 12.27% and a positive return on equity of 11.64%. ZIX’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. research analysts expect that Zix Co. will post 0.19 earnings per share for the current year.
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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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