New York State Teachers Retirement System Sells 400 Shares of Ebix Inc (EBIX)

New York State Teachers Retirement System decreased its position in Ebix Inc (NASDAQ:EBIX) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,890 shares of the technology company’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System’s holdings in Ebix were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. lifted its position in Ebix by 0.5% in the 3rd quarter. Atwood & Palmer Inc. now owns 193,628 shares of the technology company’s stock worth $15,326,000 after buying an additional 1,000 shares during the last quarter. BlackRock Inc. lifted its position in Ebix by 5.8% in the 3rd quarter. BlackRock Inc. now owns 3,396,207 shares of the technology company’s stock worth $268,811,000 after buying an additional 185,061 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in Ebix by 54.9% in the third quarter. MetLife Investment Advisors LLC now owns 16,737 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 5,931 shares during the last quarter. Ashford Capital Management Inc. lifted its position in Ebix by 0.9% in the third quarter. Ashford Capital Management Inc. now owns 342,966 shares of the technology company’s stock valued at $27,146,000 after purchasing an additional 3,010 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Ebix in the third quarter valued at approximately $5,030,000. Institutional investors own 72.95% of the company’s stock.

Shares of EBIX stock opened at $56.97 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.16. Ebix Inc has a fifty-two week low of $39.27 and a fifty-two week high of $89.10. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.97 and a beta of 1.69.

Several analysts have weighed in on the company. BidaskClub upgraded Ebix from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 11th. TheStreet downgraded Ebix from a “b-” rating to a “c+” rating in a research report on Friday, December 14th. Finally, Maxim Group set a $22.60 price objective on Ebix and gave the company a “buy” rating in a research report on Monday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ebix currently has a consensus rating of “Buy” and a consensus price target of $19.75.

In related news, EVP Leon Royden Thomas D’apice sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $49.58, for a total transaction of $99,160.00. Following the completion of the transaction, the executive vice president now owns 61,971 shares in the company, valued at $3,072,522.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robin Raina bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average price of $39.71 per share, with a total value of $99,275.00. Following the acquisition, the chief executive officer now owns 3,602,460 shares of the company’s stock, valued at $143,053,686.60. The disclosure for this purchase can be found here. Insiders sold 212,000 shares of company stock valued at $9,359,160 in the last quarter. Corporate insiders own 13.50% of the company’s stock.

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Ebix Profile

Ebix, Inc provides software and e-commerce solutions to insurance, finance, and healthcare industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.

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Institutional Ownership by Quarter for Ebix (NASDAQ:EBIX)

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