Stock of the Day: Is Ebix Inc a Buy? The Stock Reaches Record High Today

Stock of the Day: Is Ebix Inc a Buy? The Stock Reaches Record High Today

The stock of Ebix Inc (NASDAQ:EBIX) reached all time high today, Nov, 10 and still has $69.70 target or 21.00% above today’s $57.60 share price. This indicates more upside for the $1.98 billion company. This technical setup was reported by Barchart.com. If the $69.70 PT is reached, the company will be worth $415.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 68,496 shares traded hands. Ebix Inc (NASDAQ:EBIX) has risen 54.09% since April 8, 2016 and is uptrending. It has outperformed by 48.44% the S&P500.

According to Zacks Investment Research, “Ebix Inc is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.08, from 0.89 in 2016Q1. The ratio dived, as 12 funds sold all Ebix Inc shares owned while 66 reduced positions. 25 funds bought stakes while 38 increased positions. They now own 22.00 million shares or 2.12% more from 21.55 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 617 shares in its portfolio. Moreover, Aqr Cap Mgmt Ltd has 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 63,529 shares. State Of Tennessee Treasury Department holds 0% or 20,412 shares in its portfolio. Deutsche Fincl Bank Ag accumulated 0% or 79,328 shares. Jpmorgan Chase & holds 10,916 shares or 0% of its portfolio. Kbc Group Nv has 7,413 shares for 0.01% of their US portfolio. Mutual Of America Management Ltd Liability holds 0% of its portfolio in Ebix Inc (NASDAQ:EBIX) for 1,450 shares. Blackrock Group Incorporated Limited has 40,308 shares for 0% of their US portfolio. Moreover, Principal Group has 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 186,119 shares. Dimensional Fund Advsrs Lp accumulated 0.02% or 729,261 shares. Moab Cap Prns Ltd Llc last reported 172,757 shares in the company. Victory Cap holds 0% or 1,579 shares in its portfolio. Barclays Public reported 5,874 shares or 0% of all its holdings. D E Shaw Incorporated holds 0.02% or 263,504 shares in its portfolio. Nationwide Fund Advsrs holds 0% or 16,548 shares in its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 1 insider sale for $167,585 net activity. 3,684 shares were sold by Keller Hans Ueli, worth $167,585 on Tuesday, May 31.

More important recent Ebix Inc (NASDAQ:EBIX) news were published by: Forbes.com which released: “EBIX Inc. – A Long-Term Winner” on May 27, 2016, also Fool.com published article titled: “Ebix Inc. and Infosys Ltd. Soar as Stocks Drop”, Fool.com published: “Why Ebix Inc. Stock Gained 18% in April” on May 13, 2016. More interesting news about Ebix Inc (NASDAQ:EBIX) was released by: Seekingalpha.com and their article: “Ebix Inc.: Is This Total Return Opportunity Worth The Price?” with publication date: August 05, 2016.

EBIX Company Profile

Ebix, Inc. (Ebix), incorporated on December 29, 2003, is a supplier of software and e-commerce solutions to the insurance, finance and healthcare industries. The Firm provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. The Firm conducts its activities through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS). Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebix’s focus in the area of broker systems is on designing and deploying back-end systems for international P&C insurance brokers across the world. Ebix’s focus in the area of carrier systems is on designing and deploying on-demand and back-end systems for P&C insurance companies. Ebix focus in RCS channel pertains to business process outsourcing services that include providing domain intensive project management, time and material consulting to clients across the world, and claims adjudication/settlement services, in addition to the creation and tracking of certificates of insurance issued in the United States and Australian markets. Ebix also provides software development, customization and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges and standard making bodies.

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