Institutional Investor Sentiment About Ebix Inc (NASDAQ:EBIX) Up

January 21, 2018 - By Adrian Erickson

 Institutional Investor Sentiment About Ebix Inc (NASDAQ:EBIX)  Up

Sentiment for Ebix Inc (NASDAQ:EBIX)

Ebix Inc (NASDAQ:EBIX) institutional sentiment increased to 1.23 in 2017 Q3. Its up 0.14, from 1.09 in 2017Q2. The ratio improved, as 80 active investment managers opened new or increased stock positions, while 65 sold and trimmed positions in Ebix Inc. The active investment managers in our partner’s database now hold: 19.27 million shares, down from 19.48 million shares in 2017Q2. Also, the number of active investment managers holding Ebix Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 23 Reduced: 42 Increased: 53 New Position: 27.

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $2.61 billion. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. It has a 26.8 P/E ratio. The firm operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty insurance.

The stock increased 1.91% or $1.55 during the last trading session, reaching $82.8. About 147,096 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 21.95% since January 21, 2017 and is uptrending. It has outperformed by 5.25% the S&P500.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on February, 27. They expect $0.75 EPS, down 1.32 % or $0.01 from last year’s $0.76 per share. EBIX’s profit will be $23.60M for 27.60 P/E if the $0.75 EPS becomes a reality. After $0.76 actual EPS reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts -1.32 % negative EPS growth.

Ashford Capital Management Inc holds 5.24% of its portfolio in Ebix, Inc. for 498,671 shares. Villere St Denis J & Co Llc owns 912,821 shares or 3.48% of their US portfolio. Moreover, Atwood & Palmer Inc has 3.07% invested in the company for 325,367 shares. The New York-based P2 Capital Partners Llc has invested 2.9% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 35,591 shares.#img1#

Ebix, Inc. (NASDAQ:EBIX) Ratings Coverage

Ratings analysis reveals 100% of Ebix’s analysts are positive. Out of 2 Wall Street analysts rating Ebix, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $35 while the high is $87.0. The stock’s average target of $61 is -26.33% below today’s ($82.8) share price. EBIX was included in 4 notes of analysts from August 11, 2015. The rating was maintained by Craig Hallum on Thursday, November 9 with “Buy”. The firm has “Buy” rating by William Blair given on Thursday, September 28. The stock has “Hold” rating by Zacks on Tuesday, August 11.

More news for Ebix, Inc. (NASDAQ:EBIX) were recently published by: Globenewswire.com, which released: “Ebix Completes Acquisition of Paul Merchants Remittance Business and the …” on January 02, 2018. Globenewswire.com‘s article titled: “Ebix Signs Agreement to Acquire Inward International Remittance Business from …” and published on January 04, 2018 is yet another important article.

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