Ebix, Inc. (NASDAQ:EBIX) Sees Light Trading Volume with 90K Shares Changing Hands

  • 06/08/2017
90K shares changed hands by the end of trading on Friday. Overall, volume was down 68.94% under the stocks normal daily volume.

There has been some selling insider activity on Ebix, Inc. (NASDAQ:EBIX) recently. Graham John Prior, Executive VP International disclosed the sale of 18,500 shares. The shares were purchased at an average price of $55.33. Prior now owns $1,023,937 of the stock according to the SEC filing. Hans U. Benz, Director disclosed the sale of 3,000 shares of (EBIX). The shares were sold on May 30th for an average price of $56.35. The Director now owns $2,645,013 of the stock per the Form 4 SEC filing.

These funds have also shifted positions in (EBIX). Nikko Asset Management Americas, Inc. added to its investment by buying 32,090 shares an increase of 368.9%. Nikko Asset Management Americas, Inc. now controls 40,790 shares with a value of $2,199,000. The value of the position overall is up by 312.6%. As of quarter end Kbc Group Nv had sold a total of 3,714 shares trimming its position 11.7%. The value of the total investment in Ebix, Inc. went from $1,942,000 to $1,508,000 a change of 22.3% since the last quarter.

Federated Investors Inc /pa/ augmented its stake by buying 2,273 shares an increase of 57.4% as of 06/30/2017. Federated Investors Inc /pa/ currently owns 6,235 shares valued at $336,000. The total value of its holdings increased 38.3%. BNP Paribas Arbitrage, SA expanded its holdings by buying 2,930 shares an increase of 59.7% in the quarter. BNP Paribas Arbitrage, SA controls 7,838 shares worth $422,000. The total value of its holdings increased 40.7%.

The company is up by 0.18 percent from yesterdays close. Ebix, Inc. recently declared a dividend for shareholders paid on Thursday the 15th of June 2017. The dividend payment was $0.075 per share for the quarter which comes to $0.30 on an annualized basis. This dividend represents a yeild of $0.53 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Friday the 26th of May 2017.

Shares of the company are trading at $56.80 which is just a bit higher than the 50 day moving average of $55.47 and slightly below the 200 day moving average of $58.13. The 50 day moving average was up $1.33 or +2.40% and the 200 day average moved down $-1.33.

The company currently has a P/E ratio of 18.81 and market capitalization is 1.79B. In the latest earnings report the EPS was $3.02 and is estimated to be $2.94 for the current year with 31,533,000 shares outstanding. Analysts expect next quarters EPS will be $0.70 with next years EPS anticipated to be $3.26.

Ebix, Inc. (Ebix), launched on December 29, 2003, is a supplier of software and e-commerce solutions to the insurance, finance and healthcare industries. The Company provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. The Company conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS). Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebixs focus in the area of broker systems is on designing and deploying back-end systems for international P&C insurance brokers across the world. Ebixs focus in the area of carrier systems is on designing and deploying on-demand and back-end systems for P&C insurance companies. Ebix focus in RCS channel pertains to business process outsourcing services that include providing domain intensive project management, time and material consulting to clients across the world, and claims adjudication/settlement services, in addition to the creation and tracking of certificates of insurance issued in the United States and Australian markets. Ebix also provides software development, customization and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges and standard making bodies..
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