Shares of Ebix, Inc. (NASDAQ:EBIX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $75.00 for the company and are expecting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given Ebix an industry rank of 46 out of 265 based on the ratings given to related companies.

EBIX has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Ebix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub cut shares of Ebix from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th.

In other Ebix news, VP Graham John Prior sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $55.33, for a total value of $1,023,605.00. Following the completion of the transaction, the vice president now directly owns 18,506 shares in the company, valued at approximately $1,023,936.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EBIX. Thrivent Financial For Lutherans increased its position in Ebix by 1.0% in the first quarter. Thrivent Financial For Lutherans now owns 12,190 shares of the technology company’s stock worth $747,000 after buying an additional 120 shares in the last quarter. Solaris Asset Management LLC increased its position in Ebix by 1.7% in the first quarter. Solaris Asset Management LLC now owns 7,680 shares of the technology company’s stock worth $470,000 after buying an additional 130 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Ebix by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,963 shares of the technology company’s stock worth $794,000 after buying an additional 157 shares in the last quarter. Legal & General Group Plc increased its position in Ebix by 0.4% in the first quarter. Legal & General Group Plc now owns 40,942 shares of the technology company’s stock worth $2,507,000 after buying an additional 173 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Ebix by 1.5% in the first quarter. Bank of Montreal Can now owns 11,868 shares of the technology company’s stock worth $727,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 63.06% of the company’s stock.

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Ebix (NASDAQ:EBIX) traded up 0.35% on Thursday, reaching $57.45. 7,223 shares of the company traded hands. Ebix has a 52-week low of $50.17 and a 52-week high of $65.10. The firm has a market cap of $1.81 billion, a P/E ratio of 19.03 and a beta of 1.76. The stock has a 50-day moving average price of $55.18 and a 200-day moving average price of $58.13.

Ebix (NASDAQ:EBIX) last announced its earnings results on Tuesday, May 9th. The technology company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.07. Ebix had a net margin of 32.03% and a return on equity of 22.76%. The firm had revenue of $79.10 million for the quarter, compared to analysts’ expectations of $81 million. Analysts anticipate that Ebix will post $2.94 earnings per share for the current fiscal year.

About Ebix

Ebix, Inc (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).

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