Principal Financial Group Inc. boosted its position in Ebix Inc. (NASDAQ:EBIX) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,119 shares of the company’s stock after buying an additional 3,070 shares during the period. Principal Financial Group Inc. owned 0.57% of Ebix worth $8,915,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Aperio Group LLC raised its position in shares of Ebix by 1.4% in the first quarter. Aperio Group LLC now owns 7,419 shares of the company’s stock worth $303,000 after buying an additional 100 shares during the period. Teachers Advisors Inc. raised its position in Ebix by 2.2% in the first quarter. Teachers Advisors Inc. now owns 40,487 shares of the company’s stock worth $1,651,000 after buying an additional 880 shares during the last quarter. BlackRock Group LTD raised its position in Ebix by 5.2% in the first quarter. BlackRock Group LTD now owns 45,673 shares of the company’s stock worth $1,863,000 after buying an additional 2,266 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ebix by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 70,440 shares of the company’s stock worth $2,873,000 after buying an additional 5,370 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in Ebix during the first quarter worth $640,000. Institutional investors own 68.86% of the company’s stock.
Ebix Inc. (NASDAQ:EBIX) opened at 57.00 on Tuesday. Ebix Inc. has a 1-year low of $26.80 and a 1-year high of $59.17. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 21.99 and a beta of 1.68. The firm’s 50 day moving average price is $56.50 and its 200-day moving average price is $50.84.
Ebix (NASDAQ:EBIX) last issued its earnings results on Monday, August 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm earned $72.60 million during the quarter, compared to the consensus estimate of $71.20 million. Ebix had a net margin of 31.11% and a return on equity of 21.32%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, equities analysts anticipate that Ebix Inc. will post $2.70 earnings per share for the current year.
Separately, Zacks Investment Research lowered Ebix from a “buy” rating to a “hold” rating in a research note on Monday, October 10th.
Ebix Company Profile
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).
Want to see what other hedge funds are holding EBIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ebix Inc. (NASDAQ:EBIX).
Receive News & Ratings for Ebix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.