BNP Paribas Arbitrage SA grew its position in Ebix, Inc. (NASDAQ:EBIX) by 50.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,764 shares of the technology company’s stock after purchasing an additional 3,926 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ebix were worth $768,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EBIX. Riverhead Capital Management LLC raised its holdings in shares of Ebix by 69.5% during the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the technology company’s stock worth $101,000 after acquiring an additional 765 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Ebix during the second quarter worth $121,000. Victory Capital Management Inc. raised its holdings in shares of Ebix by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,621 shares of the technology company’s stock worth $141,000 after acquiring an additional 392 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Ebix by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 2,867 shares of the technology company’s stock worth $154,000 after acquiring an additional 32 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Ebix by 10.5% during the second quarter. US Bancorp DE now owns 2,991 shares of the technology company’s stock worth $161,000 after acquiring an additional 285 shares during the period. Institutional investors own 63.05% of the company’s stock.
Shares of Ebix, Inc. (NASDAQ:EBIX) opened at $76.70 on Tuesday. Ebix, Inc. has a twelve month low of $52.40 and a twelve month high of $78.07. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. The company has a market cap of $2,440.95, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.54 and a beta of 1.74.
In other Ebix news, CFO Sean T. Donaghy sold 600 shares of Ebix stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $75.56, for a total value of $45,336.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hans U. Benz sold 2,850 shares of Ebix stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $73.30, for a total transaction of $208,905.00. Following the completion of the sale, the director now owns 2,909 shares in the company, valued at $213,229.70. The disclosure for this sale can be found here. 13.80% of the stock is currently owned by insiders.
A number of brokerages recently commented on EBIX. Craig Hallum restated a “buy” rating and set a $87.00 price objective (up from $80.00) on shares of Ebix in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Ebix from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, William Blair began coverage on shares of Ebix in a report on Wednesday, September 27th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.50.
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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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