Media headlines about Ebix (NASDAQ:EBIX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ebix earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.396256002908 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Ebix (NASDAQ EBIX) traded up $0.55 during midday trading on Wednesday, hitting $82.85. 248,409 shares of the company’s stock were exchanged, compared to its average volume of 206,167. The company has a market capitalization of $2,610.00, a P/E ratio of 26.81, a PEG ratio of 2.14 and a beta of 1.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.72 and a current ratio of 1.72. Ebix has a one year low of $52.40 and a one year high of $87.50.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. Ebix had a net margin of 27.65% and a return on equity of 20.67%. The business had revenue of $104.68 million for the quarter, compared to analyst estimates of $96.33 million. research analysts expect that Ebix will post 3.9 earnings per share for the current year.
Several research analysts have recently issued reports on EBIX shares. Zacks Investment Research cut shares of Ebix from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub upgraded shares of Ebix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Craig Hallum restated a “buy” rating and set a $110.00 price target (up previously from $87.00) on shares of Ebix in a report on Monday, March 5th. Finally, Sidoti raised their target price on shares of Ebix from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $95.67.
In other Ebix news, EVP Leon Royden Thomas D’apice sold 3,500 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $77.45, for a total transaction of $271,075.00. Following the sale, the executive vice president now directly owns 63,971 shares in the company, valued at $4,954,553.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.80% of the company’s stock.
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Ebix Company Profile
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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