Ebix Inc Q4 2017 Institutional Investor Sentiment Better Than Expected

April 16, 2018 - By Louis Casey

Ebix, Inc. (NASDAQ:EBIX) Logo

Sentiment for Ebix Inc (NASDAQ:EBIX)

Ebix Inc (NASDAQ:EBIX) institutional sentiment decreased to 1.22 in 2017 Q4. Its down -0.01, from 1.23 in 2017Q3. The ratio is negative, as 77 institutional investors increased or started new stock positions, while 63 sold and reduced stock positions in Ebix Inc. The institutional investors in our partner’s database now possess: 19.76 million shares, up from 19.27 million shares in 2017Q3. Also, the number of institutional investors holding Ebix Inc in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 17 Reduced: 46 Increased: 48 New Position: 29.

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $2.46 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 24.62 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 2.43% or $1.85 during the last trading session, reaching $78.05. About 166,037 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 20.38% since April 16, 2017 and is uptrending. It has outperformed by 8.83% the S&P500.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on May, 8. They expect $0.86 earnings per share, up 3.61 % or $0.03 from last year’s $0.83 per share. EBIX’s profit will be $27.08 million for 22.69 P/E if the $0.86 EPS becomes a reality. After $0.84 actual earnings per share reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts 2.38 % EPS growth.

Ashford Capital Management Inc holds 6.14% of its portfolio in Ebix, Inc. for 498,225 shares. P2 Capital Partners Llc owns 504,288 shares or 4.71% of their US portfolio. Moreover, Villere St Denis J & Co Llc has 4.55% invested in the company for 921,871 shares. The Missouri-based Atwood & Palmer Inc has invested 3.62% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 28,591 shares.#img1#

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

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