Zix Corp. (ZIXI) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
Several other research firms have also commented on ZIXI. TheStreet lowered shares of Zix Corp. from a buy rating to a hold rating in a research note on Tuesday, July 26th. Imperial Capital reiterated an outperform rating and set a $5.50 price objective on shares of Zix Corp. in a research note on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $5.50.
Zix Corp. (NASDAQ:ZIXI) traded down 0.98% on Wednesday, reaching $4.04. 6,139 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.91. Zix Corp. has a 12-month low of $3.23 and a 12-month high of $5.78. The stock has a market cap of $213.47 million, a price-to-earnings ratio of 45.91 and a beta of 1.18.
Zix Corp. (NASDAQ:ZIXI) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm earned $14.90 million during the quarter, compared to analyst estimates of $14.70 million. Zix Corp. had a net margin of 8.43% and a return on equity of 23.08%. Zix Corp.’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. Analysts forecast that Zix Corp. will post $0.24 EPS for the current year.
In related news, Director Richard Spurr sold 25,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $4.20, for a total value of $105,000.00. Following the completion of the transaction, the director now directly owns 123,048 shares in the company, valued at approximately $516,801.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new position in Zix Corp. during the first quarter valued at about $103,000. Prudential Financial Inc. boosted its position in Zix Corp. by 7.0% in the second quarter. Prudential Financial Inc. now owns 27,423 shares of the company’s stock valued at $103,000 after buying an additional 1,800 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Zix Corp. by 31.2% in the second quarter. JPMorgan Chase & Co. now owns 27,944 shares of the company’s stock valued at $105,000 after buying an additional 6,647 shares in the last quarter. BlackRock Inc. boosted its position in Zix Corp. by 838.5% in the second quarter. BlackRock Inc. now owns 34,631 shares of the company’s stock valued at $130,000 after buying an additional 30,941 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its position in Zix Corp. by 68.4% in the second quarter. Alambic Investment Management L.P. now owns 42,100 shares of the company’s stock valued at $158,000 after buying an additional 17,100 shares in the last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.
About Zix Corp.
Zix Corporation (ZixCorp) offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
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