Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ebix (EBIX) Stock Price

Headlines about Ebix (NASDAQ:EBIX) have trended somewhat positive on Wednesday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ebix earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2659329528177 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of EBIX opened at $77.85 on Wednesday. The company has a market cap of $2.45 billion, a P/E ratio of 24.56, a PEG ratio of 2.00 and a beta of 1.73. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.76. Ebix has a twelve month low of $52.80 and a twelve month high of $87.50.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Wednesday, May 9th. The technology company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.03). The firm had revenue of $108.23 million for the quarter, compared to the consensus estimate of $106.81 million. Ebix had a net margin of 25.54% and a return on equity of 19.54%. Ebix’s quarterly revenue was up 36.8% compared to the same quarter last year. sell-side analysts anticipate that Ebix will post 3.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, May 30th. Ebix’s dividend payout ratio (DPR) is currently 9.46%.

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Ebix from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine raised shares of Ebix from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Ebix from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Tuesday, March 6th. Finally, Craig Hallum reissued a “buy” rating and set a $110.00 price target (up previously from $87.00) on shares of Ebix in a research report on Monday, March 5th. Two investment analysts have 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 a consensus target price of $95.67.

Ebix Company Profile

Ebix, Inc provides software and e-commerce solutions to insurance, finance, and healthcare industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.

Insider Buying and Selling by Quarter for Ebix (NASDAQ:EBIX)

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