Ebix Inc (EBIX) Ownership Up in Latest Report from Wasatch Advisors Inc



Wasatch Advisors Inc reports that it increased its ownership in Ebix Inc by 8.1% in the quarter ending 09/30/2017. Its position was worth $17,886,000 an increase of $4,225,000 according to the filing.

Here are a few institutional investors who have updated their positions. As of quarter end Teachers Retirement System Of THE State Of Kentucky had sold a total of 2,200 shares trimming its position 22.7%. The value of the company’s investment in Ebix Inc went from $523,000 to $489,000 a change of $34,000 for the reporting period. As of the end of the quarter Wells Fargo & Company/mn had acquired 7,389 shares growing its stake by 4,346.5%. The value of the investment in EBIX increased from $9,000 to $493,000 increasing 5,377.8% since the last quarter.

American International Group Inc bolstered its stake by buying 1,082 shares an increase of 6.1% in the quarter. American International Group Inc controls 18,792 shares valued at $1,226,000. The total value of its holdings increased 28.4%.

November 9 investment analysts at Craig Hallum made no change to the company rating of “Buy” targeting a price of $87.00. Equity analyst Craig Hallum raised the price target on October 26 changing the price objective from $0.00 to $80.00 with a rating of “Buy”.

Equity analyst William Blair updated guidance on EBIX with an initial rating of “Outperform”.

The company is down since yesterday’s close of 74.45. The most current P/E ratio is 24.04 and market cap is 2.34B. In the last earnings report the EPS was $3.09 with 31.46M shares currently outstanding.

Investors are feeling more bearish on Ebix Inc recently if you consider the uptick in short interest. The firm realized a rise in short interest from September 29, 2017 to October 13, 2017 of 4.04%. Short shares grew from 4,946,610 to 5,146,636 over that period. The short-interest ratio increased to 38.0 and the percentage of shorted shares was 0.16% on October 13.