Ebix Inc. (NASDAQ: EBIX) stock jumped 0.07% on Friday to $14.33 against a previous-day closing price of $14.32. With 0.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.50 whereas the lowest price it dropped to was $13.66. The 52-week range on EBIX shows that it touched its highest point at $32.87 and its lowest point at $11.74 during that stretch. It currently has a 1-year price target of $37.25. With its current market cap of 442.51 million, EBIX has annualized dividend of $0.30 while the current yield stands at 2.09%. Beta for the stock currently stands at 2.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBIX was down-trending over the past week, with a drop of -6.40%, but this was down by -2.45% over a month. Three-month performance dropped to -36.87% while six-month performance fell -2.85%. The stock lost -37.37% in the past year, while it has lost -28.21% so far this year. A look at the trailing 12-month EPS for EBIX yields 1.09 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.07. This implies an EPS growth rate of -5.60% for this year and 191.58% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.40%.
Float and Shares Shorts:
At present, 30.87 million EBIX shares are outstanding with a float of 24.25 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.61 million, which was 18.17% higher than short shares on Jul 30, 2023. In addition to Mr. Robin Raina as the firm’s Chairman, CEO & Pres, Mr. John Graham Prior serves as its Corp. Exec. VP of International Bus. & Intellectual Property.
Institutional Ownership:
Through their ownership of 66.27% of EBIX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.20% of EBIX, in contrast to 39.45% held by mutual funds. Shares owned by individuals account for 27.24%. As the largest shareholder in EBIX with 12.06% of the stake, BlackRock Fund Advisors holds 3,727,299 shares worth 3,727,299. A second-largest stockholder of EBIX, The Vanguard Group, Inc., holds 3,179,225 shares, controlling over 10.29% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in EBIX, holding 1,471,814 shares or 4.76% stake. With a 5.37% stake in EBIX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,659,495 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.48% of EBIX stock, is the second-largest Mutual Fund holder. It holds 765,121 shares valued at 12.78 million. Vanguard Small Cap Index Fund holds 2.08% of the stake in EBIX, owning 641,520 shares worth 10.71 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, EBIX reported revenue of $250.78M and operating income of $30.11M. The EBITDA in the recently reported quarter was $36.27M and diluted EPS was $0.63.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBIX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBIX analysts setting a high price target of $50.00 and a low target of $24.50, the average target price over the next 12 months is $37.25. Based on these targets, EBIX could surge 248.92% to reach the target high and rise by 70.97% to reach the target low. Reaching the average price target will result in a growth of 159.94% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, EBIX has a current ratio of $0.3, which is $0.3 over the trailing 12-months, while a dividend of $0.29 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and EBIX currently yields $1.05. In the past year, EBIX’s dividend yield has been $1.05, but when looking at the stock over the past five years, its yield has been $1.06. Accordingly, EBIX has a current buyback yield of $0.02. This was $0.02 for the TTM, and it was $1.12 for the past five years.
Summary of Insider Activity:
Insiders traded EBIX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 0 while 2,460 shares were sold.
