Ebix, Inc. (NASDAQ:EBIX) to Issue Quarterly Dividend of $0.08

Ebix, Inc. (NASDAQ:EBIXGet Rating) declared a quarterly dividend on Wednesday, November 23rd, Zacks reports. Stockholders of record on Monday, December 5th will be paid a dividend of 0.075 per share by the technology company on Friday, December 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, December 2nd.

Ebix has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings.

Ebix Stock Performance

Shares of NASDAQ EBIX traded up $0.26 during trading on Thursday, reaching $19.36. The stock had a trading volume of 226,825 shares, compared to its average volume of 905,361. Ebix has a fifty-two week low of $12.50 and a fifty-two week high of $44.42. The company has a market cap of $598.22 million, a P/E ratio of 8.27 and a beta of 2.55. The business’s 50-day moving average price is $19.54 and its 200-day moving average price is $22.21.

Institutional Trading of Ebix

Hedge funds have recently bought and sold shares of the stock. Yousif Capital Management LLC boosted its stake in shares of Ebix by 2.9% in the 1st quarter. Yousif Capital Management LLC now owns 21,836 shares of the technology company’s stock valued at $724,000 after purchasing an additional 625 shares in the last quarter. Captrust Financial Advisors increased its holdings in Ebix by 56.6% during the 1st quarter. Captrust Financial Advisors now owns 2,051 shares of the technology company’s stock valued at $68,000 after purchasing an additional 741 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Ebix by 3.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,280 shares of the technology company’s stock valued at $461,000 after purchasing an additional 901 shares during the last quarter. Rhumbline Advisers boosted its stake in Ebix by 1.3% in the first quarter. Rhumbline Advisers now owns 71,744 shares of the technology company’s stock worth $2,378,000 after purchasing an additional 912 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Ebix by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 293,457 shares of the technology company’s stock worth $9,728,000 after acquiring an additional 1,350 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ebix in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Ebix

(Get Rating)

Ebix, Inc, together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, and healthcare industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions.

Featured Articles

Dividend History for Ebix (NASDAQ:EBIX)

Receive News & Ratings for Ebix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix and related companies with MarketBeat.com's FREE daily email newsletter.