Ebix Inc. (NASDAQ:ebix) announced a quarterly dividend on Friday, November 11th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.075 per share on Thursday, December 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, November 28th.

Shares of Ebix (NASDAQ:EBIX) opened at 62.75 on Wednesday. The firm has a 50-day moving average price of $57.10 and a 200-day moving average price of $53.16. Ebix has a 52-week low of $28.28 and a 52-week high of $62.80. The stock has a market capitalization of $2.03 billion, a P/E ratio of 22.80 and a beta of 1.75.

Ebix (NASDAQ:EBIX) last announced its earnings results on Wednesday, November 9th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. Ebix had a return on equity of 21.72% and a net margin of 31.60%. The firm earned $74.60 million during the quarter, compared to analyst estimates of $73 million. On average, analysts predict that Ebix will post $2.83 EPS for the current year.

Dividend History for Ebix (NASDAQ:ebix)

In related news, CFO Robert F. Kerris sold 1,171 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $59.22, for a total transaction of $69,346.62. Following the completion of the transaction, the chief financial officer now owns 3,500 shares of the company’s stock, valued at approximately $207,270. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new position in Ebix during the third quarter worth $344,000. LPL Financial LLC raised its position in Ebix by 107.9% in the third quarter. LPL Financial LLC now owns 9,753 shares of the company’s stock worth $550,000 after buying an additional 5,062 shares during the period. Two Sigma Advisers LP raised its position in Ebix by 30.3% in the third quarter. Two Sigma Advisers LP now owns 41,696 shares of the company’s stock worth $2,370,000 after buying an additional 9,700 shares during the period. Morgan Stanley raised its position in Ebix by 55.3% in the third quarter. Morgan Stanley now owns 168,949 shares of the company’s stock worth $9,604,000 after buying an additional 60,190 shares during the period. Finally, SG Americas Securities LLC bought a new position in Ebix during the third quarter worth $179,000. 68.70% of the stock is owned by institutional investors.

Separately, Zacks Investment Research lowered Ebix from a “buy” rating to a “hold” rating in a research report on Monday, October 10th.

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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).

5 Day Chart for NASDAQ:EBIX

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