Zix Corp. (NASDAQ:ZIXI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
Other equities research analysts have also issued reports about the company. TheStreet lowered Zix Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Imperial Capital reissued an “outperform” rating and set a $5.50 price target on shares of Zix Corp. in a research note on Monday, July 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zix Corp. currently has an average rating of “Buy” and a consensus target price of $5.50.
Zix Corp. (NASDAQ:ZIXI) traded up 0.74% during midday trading on Wednesday, hitting $4.08. The stock had a trading volume of 20,031 shares. The company’s 50 day moving average price is $3.93 and its 200-day moving average price is $3.91. Zix Corp. has a 52-week low of $3.23 and a 52-week high of $5.78. The stock has a market cap of $215.58 million, a PE ratio of 46.36 and a beta of 1.18.
Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. Zix Corp. had a return on equity of 23.08% and a net margin of 8.43%. The firm earned $14.90 million during the quarter, compared to analyst estimates of $14.70 million. During the same period last year, the company earned $0.04 EPS. Zix Corp.’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Zix Corp. will post $0.24 EPS for the current fiscal year.
In other Zix Corp. news, Director Richard Spurr sold 25,000 shares of Zix Corp. stock in a transaction on Monday, September 12th. The stock was sold at an average price of $4.09, for a total transaction of $102,250.00. Following the completion of the sale, the director now directly owns 148,048 shares of the company’s stock, valued at approximately $605,516.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY raised its stake in shares of Zix Corp. by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 42,754 shares of the company’s stock worth $168,000 after buying an additional 241 shares during the period. Allianz Asset Management AG increased its position in shares of Zix Corp. by 1.3% in the second quarter. Allianz Asset Management AG now owns 57,470 shares of the company’s stock worth $216,000 after buying an additional 715 shares in the last quarter. Stanley Laman Group Ltd. increased its position in shares of Zix Corp. by 1.9% in the second quarter. Stanley Laman Group Ltd. now owns 47,008 shares of the company’s stock worth $176,000 after buying an additional 870 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Zix Corp. by 7.0% in the second quarter. Prudential Financial Inc. now owns 27,423 shares of the company’s stock worth $103,000 after buying an additional 1,800 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of Zix Corp. by 4.0% in the second quarter. Hillsdale Investment Management Inc. now owns 77,100 shares of the company’s stock worth $289,000 after buying an additional 3,000 shares in the last quarter. 64.59% of the stock is owned by institutional investors and hedge funds.
About Zix Corp.
Zix Corporation (ZixCorp) offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Zix Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zix Corp. and related companies with MarketBeat.com's FREE daily email newsletter.