Riverhead Capital Management LLC raised its holdings in shares of Ebix, Inc. (NASDAQ:EBIX) by 69.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,865 shares of the technology company’s stock after acquiring an additional 765 shares during the quarter. Riverhead Capital Management LLC’s holdings in Ebix were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Alps Advisors Inc. raised its holdings in Ebix by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,717 shares of the technology company’s stock valued at $416,000 after acquiring an additional 20 shares during the period. Thrivent Financial For Lutherans raised its holdings in Ebix by 1.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,190 shares of the technology company’s stock valued at $747,000 after acquiring an additional 120 shares during the period. Texas Permanent School Fund raised its holdings in Ebix by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 15,886 shares of the technology company’s stock valued at $856,000 after acquiring an additional 150 shares during the period. Legal & General Group Plc raised its holdings in Ebix by 0.4% during the 1st quarter. Legal & General Group Plc now owns 40,942 shares of the technology company’s stock valued at $2,507,000 after acquiring an additional 173 shares during the period. Finally, Mason Street Advisors LLC raised its holdings in Ebix by 4.0% during the 1st quarter. Mason Street Advisors LLC now owns 5,082 shares of the technology company’s stock valued at $311,000 after acquiring an additional 195 shares during the period. 61.95% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on EBIX shares. William Blair started coverage on shares of Ebix in a report on Wednesday, September 27th. They set an “outperform” rating on the stock. BidaskClub raised shares of Ebix from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Ebix from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th.

Ebix, Inc. (NASDAQ:EBIX) opened at 64.95 on Friday. Ebix, Inc. has a 52-week low of $52.40 and a 52-week high of $66.50. The stock’s 50 day moving average is $59.61 and its 200-day moving average is $58.10. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.16 and a beta of 1.79.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The firm had revenue of $87.39 million for the quarter, compared to the consensus estimate of $81.35 million. Ebix had a net margin of 30.69% and a return on equity of 22.02%. Equities research analysts anticipate that Ebix, Inc. will post $3.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 0.46%. Ebix’s payout ratio is 9.77%.

Ebix 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).

Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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