Headlines about Ebix (NASDAQ:EBIX) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ebix earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.4303733676668 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Ebix (EBIX) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- BRIEF-Ebix Ended Bid To Form JV With Vara Tech’s Unit (EBIX) (markets.businessinsider.com)
- 3 Stocks Set to Soar on New Analyst Coverage (finance.yahoo.com)
- Ebix Inc (EBIX) Given Average Rating of “Strong Buy” by Analysts (americanbankingnews.com)
EBIX has been the subject of several recent analyst reports. William Blair initiated coverage on shares of Ebix in a research note on Wednesday, September 27th. They issued an “outperform” rating for the company. Craig Hallum raised their target price on shares of Ebix to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Ebix from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Monday, November 20th. Finally, Sidoti increased their price target on shares of Ebix from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Ebix presently has a consensus rating of “Buy” and an average target price of $88.67.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.30 annualized dividend and a yield of 0.38%. Ebix’s dividend payout ratio is currently 9.71%.
In other news, EVP Leon Royden Thomas D’apice sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $77.45, for a total transaction of $271,075.00. Following the transaction, the executive vice president now directly owns 63,971 shares of the company’s stock, valued at $4,954,553.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean T. Donaghy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.56, for a total transaction of $45,336.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,950 shares of company stock worth $525,316. Insiders own 13.80% of the company’s stock.
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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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