Do Institutional Investors Love Ebix Inc (NASDAQ:EBIX)?

Ebix, Inc. (NASDAQ:EBIX) Logo

Sentiment for Ebix Inc (NASDAQ:EBIX)

Ebix Inc (NASDAQ:EBIX) institutional sentiment increased to 1.46 in 2019 Q1. Its up 0.09, from 1.37 in 2018Q4. The ratio is better, as 89 investment managers opened new and increased equity positions, while 61 decreased and sold positions in Ebix Inc. The investment managers in our partner’s database reported: 22.89 million shares, down from 23.87 million shares in 2018Q4. Also, the number of investment managers holding Ebix Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 13 Reduced: 48 Increased: 58 New Position: 31.

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $1.03 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 11.41 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 decreased 4.16% or $1.47 during the last trading session, reaching $33.9. About 402,570 shares traded or 10.88% up from the average. Ebix, Inc. (NASDAQ:EBIX) has declined 41.59% since August 15, 2018 and is downtrending. It has underperformed by 41.59% the S&P500.

P2 Capital Partners Llc holds 5.92% of its portfolio in Ebix, Inc. for 1.44 million shares. Villere St Denis J & Co Llc owns 1.19 million shares or 3.86% of their US portfolio. Moreover, Ashford Capital Management Inc has 3.37% invested in the company for 467,276 shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 1.88% in the stock. Atwood & Palmer Inc, a Missouri-based fund reported 183,878 shares.

Ebix, Inc. (NASDAQ:EBIX) Ratings Coverage

Ratings analysis reveals 50% of Ebix Inc’s analysts are positive. Out of 2 Wall Street analysts rating Ebix Inc, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $5000 while the high is $113. The stock’s average target of $81.50 is 140.41% above today’s ($33.9) share price. EBIX was included in 5 notes of analysts from February 25, 2019. The rating was maintained by Maxim Group with “Buy” on Monday, February 25. Maxim Group maintained Ebix, Inc. (NASDAQ:EBIX) on Monday, March 4 with “Buy” rating. The stock of Ebix, Inc. (NASDAQ:EBIX) has “Hold” rating given on Tuesday, March 5 by BMO Capital Markets. The firm earned “Market Perform” rating on Friday, August 9 by BMO Capital Markets.

More notable recent Ebix, Inc. (NASDAQ:EBIX) news were published by: Nasdaq.com which released: “U.S. STOCKS ON THE MOVE-Nu Skin, Mallinckrodt, Tellurian, Yatra – Nasdaq” on July 17, 2019, also Nasdaq.com with their article: “U.S. STOCKS ON THE MOVE-Guardion, Tellurian, railroad operators – Nasdaq” published on July 17, 2019, Seekingalpha.com published: “Ebix Q2 2019 Earnings Preview – Seeking Alpha” on August 07, 2019. More interesting news about Ebix, Inc. (NASDAQ:EBIX) were released by: Finance.Yahoo.com and their article: “Brief Commentary On Ebix, Inc.’s (NASDAQ:EBIX) Fundamentals – Yahoo Finance” published on May 21, 2019 as well as Nasdaq.com‘s news article titled: “Consumer Sector Update for 07/17/2019: NUS, YTRA, EBIX, HTHT, WMT, MCD, DIS, CVS, KO – Nasdaq” with publication date: July 17, 2019.

Ebix, Inc. (NASDAQ:EBIX) Institutional Positions Chart

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