In yesterday’s Wall Street session, Ebix Inc. (NASDAQ:EBIX) shares traded at $14.42, down -11.37% from the previous session.
As of this writing, 1 analysts cover Ebix Inc. (NASDAQ:EBIX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $35.00, we find $35.00. Given the previous closing price of $16.27, this indicates a potential upside of 115.12 percent. EBIX stock price is now -21.76% away from the 50-day moving average and -29.57% away from the 200-day moving average. The market capitalization of the company currently stands at $462.74M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $35.00 as their price target over the next twelve months.
With the price target of $108, Maxim Group recently initiated with Buy rating for Ebix Inc. (NASDAQ: EBIX). On December 19, 2017, Sidoti reiterated its ‘Buy’ rating on the stock by increasing its target price from $88 to quote $90, while ‘William Blair’ rates the stock as ‘Outperform’.
A total of 21.52% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EBIX stock. A new stake in Ebix Inc. shares was purchased by LAZARD ASSET MANAGEMENT LLC during the first quarter worth $1,751,000. ALLIANZ ASSET MANAGEMENT GMBH invested $826,000 in shares of EBIX during the first quarter. In the first quarter, STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM acquired a new stake in Ebix Inc. valued at approximately $462,000. BELVEDERE TRADING LLC acquired a new stake in EBIX for approximately $425,000. SQUAREPOINT OPS LLC purchased a new stake in EBIX valued at around $409,000 in the second quarter. In total, there are 246 active investors with 70.50% ownership of the company’s stock.
Wednesday morning saw Ebix Inc. (NASDAQ: EBIX) opened at $12.69. During the past 12 months, Ebix Inc. has had a low of $12.50 and a high of $37.87. As of last week, the company has a debt-to-equity ratio of 1.03, a current ratio of 0.40, and a quick ratio of 0.40. The fifty day moving average price for EBIX is $18.32 and a two-hundred day moving average price translates $20.40 for the stock.
The latest earnings results from Ebix Inc. (NASDAQ: EBIX) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at $0.59, inline with analysts’ expectations of $0.59. This compares to $0.49 EPS in the same period last year. The net profit margin was 6.80% and return on equity was 11.20% for EBIX. The company reported revenue of $257.9 million for the quarter, compared to $191.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.51 percent. For the current quarter, analysts expect EBIX to generate $251.04M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 12/05/2022 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 2.08% percent yield. There was an ex-dividend date of 12/02/2022 for this dividend. In terms of dividend payout ratio, EBIX is presently at 12.80%.
Ebix Inc.(EBIX) Company Profile
Ebix, Inc., together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions. The company operates P&C exchanges primarily in Australia, New Zealand, the United Kingdom, and the United States, which facilitates the exchange of insurance data between brokers and insurance carriers with a focus on the areas of personal and commercial lines. Its exchange related products and services include travel exchanges and money transfer services; foreign exchange and outward remittance services; payment services; gift cards for consumers that can be redeemed at various merchants; and technology services for various providers in the areas of lending, wealth and asset management, and travel. The company’s insurance exchanges related products and services include SaaS platform and related services; licensing of software; and professional services comprising setting up, customization, training, or consulting. Its risk compliance services cover certificates of insurance creation and tracking; consulting services comprising project management and development; and business process outsourcing services, including domain intensive project management, system consulting services, and claims adjudication/settlement services. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Johns Creek, Georgia.
