BlackRock Inc. Has $170.63 Million Position in Ebix, Inc. (EBIX)

BlackRock Inc. raised its position in Ebix, Inc. (NASDAQ:EBIX) by 120,181.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,785,714 shares of the technology company’s stock after buying an additional 2,783,398 shares during the period. BlackRock Inc. owned approximately 8.84% of Ebix worth $170,625,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EBIX. Victory Capital Management Inc. increased its stake in Ebix by 69.1% in the first quarter. Victory Capital Management Inc. now owns 2,229 shares of the technology company’s stock worth $137,000 after buying an additional 911 shares during the last quarter. Creative Planning increased its stake in shares of Ebix by 189.1% in the first quarter. Creative Planning now owns 2,278 shares of the technology company’s stock valued at $140,000 after buying an additional 1,490 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Ebix by 195.5% in the first quarter. LS Investment Advisors LLC now owns 2,494 shares of the technology company’s stock valued at $153,000 after buying an additional 1,650 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ebix by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 3,285 shares of the technology company’s stock valued at $201,000 after buying an additional 672 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Ebix during the first quarter valued at about $202,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Shares of Ebix, Inc. (EBIX) traded up 0.61% during midday trading on Wednesday, hitting $57.40. 113,703 shares of the company’s stock traded hands. The company has a 50 day moving average price of $56.37 and a 200 day moving average price of $58.23. Ebix, Inc. has a 1-year low of $52.38 and a 1-year high of $65.10. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.70 and a beta of 1.76.

Ebix (NASDAQ:EBIX) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.07. The firm had revenue of $87.39 million for the quarter, compared to the consensus estimate of $81.35 million. Ebix had a net margin of 30.69% and a return on equity of 22.02%. Equities analysts anticipate that Ebix, Inc. will post $3.01 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by BBNS and is the sole property of of BBNS. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/ebix-inc-ebix-shares-bought-by-blackrock-inc-updated-updated-updated/1252128.html.

A number of equities analysts have weighed in on EBIX shares. BidaskClub cut shares of Ebix from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of Ebix from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th.

In related news, VP Graham John Prior sold 18,500 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $55.33, for a total value of $1,023,605.00. Following the transaction, the vice president now directly owns 18,506 shares of the company’s stock, valued at approximately $1,023,936.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.00% of the stock is currently owned by insiders.

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).

Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

Receive News & Ratings for Ebix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.