Ebix, Inc. (EBIX) Announces $0.08 Quarterly Dividend
Ebix, Inc. (NASDAQ:EBIX) announced a quarterly dividend on Monday, August 21st, NASDAQ reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.075 per share by the technology company on Friday, September 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 29th.
Shares of Ebix (NASDAQ EBIX) opened at 57.55 on Tuesday. The company has a market cap of $1.81 billion, a PE ratio of 18.75 and a beta of 1.76. Ebix has a one year low of $52.38 and a one year high of $65.10. The stock’s 50 day moving average is $56.71 and its 200-day moving average is $58.28.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $87.39 million for the quarter, compared to analyst estimates of $81.35 million. Ebix had a return on equity of 22.02% and a net margin of 30.69%. Equities research analysts expect that Ebix will post $3.01 earnings per share for the current year.
In other Ebix news, VP Graham John Prior sold 18,500 shares of Ebix stock in a transaction dated 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 transaction, the vice president now owns 18,506 shares in the company, valued at $1,023,936.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.00% of the stock is owned by insiders.
EBIX has been the topic of several analyst reports. Zacks Investment Research lowered Ebix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded Ebix from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.
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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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