Ebix, Inc. (NASDAQ:EBIX) CFO Sean T. Donaghy sold 600 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $75.56, for a total transaction of $45,336.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ebix, Inc. (EBIX) traded down $0.90 during mid-day trading on Friday, hitting $74.85. 177,276 shares of the company traded hands, compared to its average volume of 181,731. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $2,390.00, a PE ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 1.75. Ebix, Inc. has a twelve month low of $52.40 and a twelve month high of $76.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, November 29th. Ebix’s dividend payout ratio is currently 9.71%.

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Several research analysts have commented on EBIX shares. William Blair started coverage on shares of Ebix in a report on Wednesday, September 27th. They issued an “outperform” rating for the company. Craig Hallum raised their price target on shares of Ebix to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ebix has a consensus rating of “Buy” and a consensus price target of $87.00.

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Ebix by 50.3% during the second quarter. Goldman Sachs Group Inc. now owns 103,347 shares of the technology company’s stock worth $5,571,000 after purchasing an additional 34,570 shares during the period. BlackRock Inc. lifted its stake in Ebix by 120,181.3% in the first quarter. BlackRock Inc. now owns 2,785,714 shares of the technology company’s stock valued at $170,625,000 after acquiring an additional 2,783,398 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Ebix in the first quarter valued at approximately $1,218,000. Vanguard Group Inc. lifted its stake in Ebix by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,103,333 shares of the technology company’s stock valued at $128,830,000 after acquiring an additional 99,789 shares during the last quarter. Finally, Century Capital Management LLC lifted its stake in Ebix by 2.6% in the second quarter. Century Capital Management LLC now owns 85,314 shares of the technology company’s stock valued at $4,598,000 after acquiring an additional 2,165 shares during the last quarter. Institutional investors and hedge funds own 62.32% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Ebix (NASDAQ:EBIX)

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