Shares of Ebix Inc (NASDAQ:EBIX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $88.50 for the company and are forecasting that the company will post $0.86 EPS for the current quarter, according to Zacks. Zacks has also assigned Ebix an industry rank of 89 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on EBIX. BidaskClub upgraded shares of Ebix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Zacks Investment Research lowered shares of Ebix from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Craig Hallum reiterated a “buy” rating and issued a $110.00 target price (up from $87.00) on shares of Ebix in a 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 report on Tuesday, December 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meadow Creek Investment Management LLC raised its holdings in Ebix by 24.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,332 shares of the technology company’s stock worth $264,000 after purchasing an additional 646 shares during the period. Teachers Advisors LLC raised its holdings in shares of Ebix by 1.7% during the fourth quarter. Teachers Advisors LLC now owns 43,323 shares of the technology company’s stock worth $3,433,000 after acquiring an additional 711 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Ebix by 4.3% during the fourth quarter. Alliancebernstein L.P. now owns 38,490 shares of the technology company’s stock worth $3,050,000 after acquiring an additional 1,590 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Ebix by 187.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,301 shares of the technology company’s stock worth $215,000 after acquiring an additional 2,153 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Ebix by 2.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 133,853 shares of the technology company’s stock worth $8,734,000 after acquiring an additional 2,827 shares during the period. Institutional investors own 65.08% of the company’s stock.
Shares of EBIX stock opened at $78.05 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2,399.35, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.77. Ebix has a 52-week low of $52.40 and a 52-week high of $87.50.
Ebix (NASDAQ:EBIX) last posted its earnings results on Thursday, March 1st. The technology company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The company had revenue of $104.68 million for the quarter, compared to analyst estimates of $96.33 million. Ebix had a net margin of 27.65% and a return on equity of 20.67%. equities analysts anticipate that Ebix will post 3.9 earnings per share for the current year.
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Ebix Company Profile
Ebix, Inc provides software and e-commerce solutions to insurance, finance, and healthcare industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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