Press coverage about Ebix (NASDAQ:EBIX) has been trending positive this week, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ebix earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave media coverage about the technology company an impact score of 56 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- Ebix, Inc. (NasdaqGS:EBIX) Dividend Growth in Focus – Ozark Times (ozarktimes.com)
- The Ebix Inc (EBIX) Announces Quarterly Earnings Results – BangaloreWeekly (bangaloreweekly.com)
- Analysts Expect Ebix Inc (EBIX) to Announce $0.70 Earnings Per Share (americanbankingnews.com)
- Ebix, Inc. (NASDAQ:EBIX) Moves -7.87% Over the Past 5 Days … – Concord Register (concordregister.com)
- The Ebix Inc (EBIX) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS – BangaloreWeekly (bangaloreweekly.com)
Shares of Ebix (NASDAQ:EBIX) traded down 0.6203% during midday trading on Friday, hitting $55.2054. 139,464 shares of the stock were exchanged. Ebix has a 12-month low of $44.43 and a 12-month high of $65.10. The firm has a 50 day moving average of $60.06 and a 200 day moving average of $59.40. The firm has a market cap of $1.74 billion, a P/E ratio of 18.2860 and a beta of 1.76.
Ebix (NASDAQ:EBIX) last announced its earnings results on Tuesday, May 9th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. Ebix had a net margin of 31.60% and a return on equity of 21.72%. The company had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $81 million. Equities analysts forecast that Ebix will post $2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, May 26th. Ebix’s dividend payout ratio (DPR) is 10.87%.
A number of brokerages recently commented on EBIX. Zacks Investment Research downgraded shares of Ebix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Sidoti assumed coverage on shares of Ebix in a research note on Thursday, February 16th. They issued a “buy” rating for the company.
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In other news, EVP Leon Royden Thomas D’apice sold 7,500 shares of Ebix stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $60.68, for a total value of $455,100.00. Following the transaction, the executive vice president now owns 67,471 shares of the company’s stock, valued at $4,094,140.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hans Ueli Keller sold 2,675 shares of Ebix stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $60.42, for a total transaction of $161,623.50. Following the completion of the transaction, the director now directly owns 73,253 shares in the company, valued at approximately $4,425,946.26. The disclosure for this sale can be found here. 13.00% of the stock is owned by corporate insiders.
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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