BNP Paribas Arbitrage SA Buys 2,930 Shares of Ebix, Inc. (EBIX)
BNP Paribas Arbitrage SA raised its stake in shares of Ebix, Inc. (NASDAQ:EBIX) by 59.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,838 shares of the technology company’s stock after purchasing an additional 2,930 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ebix were worth $422,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Ebix by 69.1% during the first quarter. Victory Capital Management Inc. now owns 2,229 shares of the technology company’s stock valued at $137,000 after purchasing an additional 911 shares during the period. LS Investment Advisors LLC grew its holdings in Ebix by 195.5% during the first quarter. LS Investment Advisors LLC now owns 2,494 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,650 shares during the period. US Bancorp DE grew its holdings in Ebix by 10.5% during the second quarter. US Bancorp DE now owns 2,991 shares of the technology company’s stock valued at $161,000 after purchasing an additional 285 shares during the period. Advisors Asset Management Inc. grew its holdings in Ebix by 25.7% during the first quarter. Advisors Asset Management Inc. now owns 3,285 shares of the technology company’s stock valued at $201,000 after purchasing an additional 672 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Ebix during the first quarter valued at about $202,000. 61.98% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on EBIX shares. BidaskClub raised Ebix from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Ebix from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th.
Ebix, Inc. (EBIX) opened at 58.50 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 19.06 and a beta of 1.75. The stock has a 50 day moving average price of $57.81 and a 200-day moving average price of $58.19. Ebix, Inc. has a 1-year low of $52.40 and a 1-year high of $65.10.
Ebix (NASDAQ:EBIX) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.07. The business had revenue of $87.39 million during the quarter, compared to analyst estimates of $81.35 million. Ebix had a return on equity of 22.02% and a net margin of 30.69%. On average, equities research analysts forecast that Ebix, Inc. will post $3.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Tuesday, August 29th. Ebix’s dividend payout ratio (DPR) is presently 9.77%.
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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