Zix Corp. (NASDAQ:ZIXI) Director Richard Spurr sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $4.20, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 123,048 shares in the company, valued at approximately $516,801.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Richard Spurr also recently made the following trade(s):

  • On Monday, September 12th, Richard Spurr sold 25,000 shares of Zix Corp. stock. The shares were sold at an average price of $4.09, for a total transaction of $102,250.00.
  • On Monday, August 1st, Richard Spurr sold 1,952 shares of Zix Corp. stock. The shares were sold at an average price of $4.06, for a total transaction of $7,925.12.

Shares of Zix Corp. (NASDAQ:ZIXI) opened at 4.13 on Wednesday. The company has a 50 day moving average of $3.89 and a 200-day moving average of $3.91. The firm has a market capitalization of $218.23 million, a P/E ratio of 46.93 and a beta of 1.18. Zix Corp. has a 12 month low of $3.23 and a 12 month high of $5.78.

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Zix Corp. (NASDAQ:ZIXI) last issued its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm earned $14.90 million during the quarter, compared to the consensus estimate of $14.70 million. Zix Corp. had a return on equity of 23.08% and a net margin of 8.43%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Analysts predict that Zix Corp. will post $0.24 EPS for the current year.

Several brokerages have recently issued reports on ZIXI. Imperial Capital reaffirmed an “outperform” rating and issued a $5.50 target price on shares of Zix Corp. in a research note on Monday, July 25th. TheStreet downgraded shares of Zix Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Zacks Investment Research downgraded shares of Zix Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Zix Corp. by 85.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 301,490 shares of the company’s stock valued at $1,131,000 after buying an additional 138,857 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Zix Corp. by 4.0% in the second quarter. Hillsdale Investment Management Inc. now owns 77,100 shares of the company’s stock valued at $289,000 after buying an additional 3,000 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Zix Corp. by 2.5% in the second quarter. AQR Capital Management LLC now owns 459,123 shares of the company’s stock valued at $1,722,000 after buying an additional 11,030 shares during the last quarter. Menta Capital LLC increased its position in shares of Zix Corp. by 16.7% in the second quarter. Menta Capital LLC now owns 189,002 shares of the company’s stock valued at $709,000 after buying an additional 27,008 shares during the last quarter. Finally, Allianz Asset Management AG increased its position in shares of Zix Corp. by 1.3% in the second quarter. Allianz Asset Management AG now owns 57,470 shares of the company’s stock valued at $216,000 after buying an additional 715 shares during the last quarter. 64.93% of the stock is owned by hedge funds and other institutional investors.

Zix Corp. Company Profile

Zix Corporation (ZixCorp) 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 in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

5 Day Chart for NASDAQ:ZIXI

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