Swiss National Bank Has $1.89 Million Holdings in Ebix, Inc. (EBIX)
Swiss National Bank lessened its stake in Ebix, Inc. (NASDAQ:EBIX) by 17.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,100 shares of the technology company’s stock after selling 7,600 shares during the period. Swiss National Bank owned about 0.11% of Ebix worth $1,892,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Ebix by 120,181.3% in the 1st quarter. BlackRock Inc. now owns 2,785,714 shares of the technology company’s stock valued at $170,625,000 after buying an additional 2,783,398 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ebix by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,103,333 shares of the technology company’s stock valued at $128,830,000 after purchasing an additional 99,789 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Ebix by 34.7% during the 2nd quarter. First Trust Advisors LP now owns 891,181 shares of the technology company’s stock valued at $48,035,000 after purchasing an additional 229,511 shares in the last quarter. State Street Corp boosted its position in shares of Ebix by 4.3% during the 1st quarter. State Street Corp now owns 597,053 shares of the technology company’s stock valued at $36,572,000 after purchasing an additional 24,823 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC boosted its position in shares of Ebix by 12,963.8% during the 2nd quarter. Villere ST Denis J & Co. LLC now owns 587,871 shares of the technology company’s stock valued at $31,686,000 after purchasing an additional 583,371 shares in the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.
Ebix, Inc. (NASDAQ:EBIX) opened at 64.95 on Friday. The company’s 50-day moving average price is $59.61 and its 200-day moving average price is $58.10. Ebix, Inc. has a 1-year low of $52.40 and a 1-year high of $66.50. The firm has a market capitalization of $2.04 billion, a P/E ratio of 21.16 and a beta of 1.79.
Ebix (NASDAQ:EBIX) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The business had revenue of $87.39 million for the quarter, compared to analysts’ expectations of $81.35 million. Ebix had a return on equity of 22.02% and a net margin of 30.69%. Equities research analysts expect that Ebix, Inc. will post $3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.30 annualized dividend and a yield of 0.46%. Ebix’s payout ratio is 9.77%.
Several equities research analysts recently commented on the company. William Blair assumed coverage on Ebix in a research report on Wednesday, September 27th. They set an “outperform” rating on the stock. BidaskClub upgraded Ebix from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Ebix from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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).
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