Rhumbline Advisers Raises Stock Holdings in Ebix Inc (NASDAQ:EBIX)

Rhumbline Advisers raised its position in shares of Ebix Inc (NASDAQ:EBIX) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,057 shares of the technology company’s stock after acquiring an additional 1,068 shares during the period. Rhumbline Advisers’ holdings in Ebix were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Ebix by 4.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,595 shares of the technology company’s stock worth $331,000 after acquiring an additional 299 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ebix by 64.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,994 shares of the technology company’s stock worth $100,000 after acquiring an additional 780 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Ebix by 70.8% during the 2nd quarter. Advisor Group Inc. now owns 2,227 shares of the technology company’s stock worth $113,000 after acquiring an additional 923 shares in the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of Ebix by 14.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 8,245 shares of the technology company’s stock worth $414,000 after acquiring an additional 1,020 shares in the last quarter. Finally, BB&T Securities LLC raised its holdings in Ebix by 19.3% during the 2nd quarter. BB&T Securities LLC now owns 6,739 shares of the technology company’s stock valued at $338,000 after buying an additional 1,092 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Fondation Rennes sold 22,145 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $30.20, for a total transaction of $668,779.00. Following the sale, the insider now owns 3,163,126 shares in the company, valued at approximately $95,526,405.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 14.20% of the company’s stock.

Several analysts recently weighed in on the company. BMO Capital Markets decreased their price target on Ebix from $52.00 to $50.00 and set a “market perform” rating on the stock in a report on Friday, August 9th. TheStreet upgraded Ebix from a “f” rating to a “c” rating in a report on Wednesday, September 18th. Finally, BidaskClub lowered Ebix from a “hold” rating to a “sell” rating in a report on Friday, October 11th.

NASDAQ:EBIX traded down $3.98 during midday trading on Tuesday, hitting $37.08. 28,630 shares of the company traded hands, compared to its average volume of 239,068. The firm’s fifty day moving average is $41.27 and its 200-day moving average is $44.40. Ebix Inc has a 12-month low of $33.71 and a 12-month high of $63.89. The firm has a market capitalization of $1.31 billion, a P/E ratio of 10.02 and a beta of 1.47. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.22.

About Ebix

Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning 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 finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.

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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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