Time to Reconsider Ebix, Inc. (EBIX) After Reaching All-Time High?

February 15, 2018 - By Michael Collier

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.14, from 1.09 in 2017Q2. It improved, as 23 investors sold Ebix, Inc. shares while 42 reduced holdings. 27 funds opened positions while 53 raised stakes. 19.27 million shares or 1.10% less from 19.48 million shares in 2017Q2 were reported.
D E Shaw & Com Inc holds 0.01% or 79,204 shares. Ubs Asset Management Americas reported 12,798 shares or 0% of all its holdings. California Public Employees Retirement Sys has invested 0.01% in Ebix, Inc. (NASDAQ:EBIX). Texas Permanent School Fund stated it has 0.01% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Voya Invest Mngmt Ltd reported 0% stake. State Of Tennessee Treasury Department owns 19,692 shares or 0.01% of their US portfolio. Citigroup Inc invested in 5,383 shares. James Invest Rech Inc has 1,400 shares. Jpmorgan Chase & Co holds 0% or 1,002 shares. Credit Suisse Ag invested in 27,138 shares. Tci Wealth Advsr has invested 0% in Ebix, Inc. (NASDAQ:EBIX). Public Sector Pension Inv Board has invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Prudential Financial invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Bancorporation Of Montreal Can has 11,855 shares. Group One Trading Lp holds 0% or 7,147 shares.

The stock of Ebix, Inc. (NASDAQ:EBIX) reached all time high today, Feb, 15 and still has $91.99 target or 8.00 % above today’s $85.18 share price. This indicates more upside for the $2.68B company. This technical setup was reported by Barchart.com. If the $91.99 PT is reached, the company will be worth $214.32 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.58% or $1.33 during the last trading session, reaching $85.18. About 52,665 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 21.95% since February 15, 2017 and is uptrending. It has outperformed by 5.25% the S&P500.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on February, 27. They expect $0.75 earnings per share, down 1.32 % or $0.01 from last year’s $0.76 per share. EBIX’s profit will be $23.59 million for 28.39 P/E if the $0.75 EPS becomes a reality. After $0.76 actual earnings per share reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts -1.32 % negative EPS growth.

Ebix, Inc. (NASDAQ:EBIX) Ratings Coverage

Among 2 analysts covering Ebix (NASDAQ:EBIX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ebix had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 11 by Zacks. William Blair initiated the shares of EBIX in report on Thursday, September 28 with “Buy” rating. The stock of Ebix, Inc. (NASDAQ:EBIX) has “Buy” rating given on Thursday, November 9 by Craig Hallum.

More news for Ebix, Inc. (NASDAQ:EBIX) were recently published by: Globenewswire.com, which released: “Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 15, to Shareholders …” on February 15, 2018. Seekingalpha.com‘s article titled: “Ebix: A Premier Indian Digital Wallet In The Making” and published on February 05, 2018 is yet another important article.

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $2.68 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 27.56 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.

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