Ebix Inc (NASDAQ:EBIX) announced a quarterly dividend on Wednesday, February 19th, Zacks reports. Investors of record on Monday, March 2nd will be paid a dividend of 0.075 per share by the technology company on Monday, March 16th. This represents a $0.30 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th.
Ebix has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings.
NASDAQ:EBIX opened at $29.27 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $36.80. Ebix has a twelve month low of $28.80 and a twelve month high of $63.89. The company has a market capitalization of $925.85 million, a P/E ratio of 10.76 and a beta of 1.56.
Several equities analysts have weighed in on EBIX shares. S&P Equity Research dropped their target price on shares of Ebix from $34.59 to $32.92 in a report on Friday, November 15th. BMO Capital Markets lowered their price target on shares of Ebix from $50.00 to $46.00 and set a “market perform” rating for the company in a report on Wednesday, November 13th. Craig Hallum reiterated a “buy” rating and set a $110.00 price target on shares of Ebix in a report on Tuesday, November 12th. Finally, BidaskClub downgraded shares of Ebix from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Ebix has a consensus rating of “Hold” and a consensus price target of $62.97.
Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning 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 finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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