Janney Montgomery Scott LLC lessened its holdings in Ebix, Inc. (NASDAQ:EBIX – Free Report) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,705 shares of the technology company’s stock after selling 3,150 shares during the period. Janney Montgomery Scott LLC owned approximately 0.11% of Ebix worth $824,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in shares of Ebix during the 2nd quarter worth $15,591,000. AQR Capital Management LLC purchased a new stake in shares of Ebix during the 1st quarter worth $3,402,000. Dimensional Fund Advisors LP lifted its position in shares of Ebix by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 857,361 shares of the technology company’s stock worth $28,424,000 after purchasing an additional 176,703 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ebix by 338.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 219,454 shares of the technology company’s stock worth $7,275,000 after purchasing an additional 169,398 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Ebix during the 1st quarter worth $2,038,000. Hedge funds and other institutional investors own 66.08% of the company’s stock.
Ebix Price Performance
Shares of EBIX opened at $5.56 on Friday. Ebix, Inc. has a 1-year low of $5.11 and a 1-year high of $32.87. The stock has a market cap of $171.80 million, a PE ratio of 5.10 and a beta of 2.59. The firm has a fifty day moving average price of $11.14 and a 200 day moving average price of $17.70.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Ebix in a research report on Thursday, October 5th. They set a “hold” rating for the company.
View Our Latest Report on Ebix
About Ebix
Ebix, Inc, together with its subsidiaries, provides on-demand infrastructure software exchanges and e-commerce services to the insurance, financial, travel, cash remittance, and healthcare industries in the United States and internationally. The company develops and deploys insurance and reinsurance exchanges on an on-demand basis using software-as-a-service (SaaS) enterprise solutions in the areas of customer relationship management, front-end and back-end systems, and outsourced administrative and risk compliance solutions.
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