Victory Capital Management Inc. Sells 3,261 Shares of Ebix, Inc. (NASDAQ:EBIX)

Victory Capital Management Inc. decreased its holdings in shares of Ebix, Inc. (NASDAQ:EBIX) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,141 shares of the technology company’s stock after selling 3,261 shares during the period. Victory Capital Management Inc. owned approximately 0.21% of Ebix worth $1,667,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in Ebix in the 1st quarter valued at about $42,000. Envestnet Asset Management Inc. lifted its holdings in shares of Ebix by 411.8% in the first quarter. Envestnet Asset Management Inc. now owns 121,536 shares of the technology company’s stock valued at $64,000 after purchasing an additional 97,787 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Ebix by 56.6% during the first quarter. Captrust Financial Advisors now owns 2,051 shares of the technology company’s stock valued at $68,000 after buying an additional 741 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Ebix during the first quarter worth $106,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Ebix in the 3rd quarter valued at $135,000. 66.08% of the stock is owned by institutional investors.

Ebix Stock Down 0.7 %

Ebix stock opened at $5.52 on Friday. Ebix, Inc. has a 52 week low of $5.11 and a 52 week high of $32.87. The company’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $17.63. The stock has a market cap of $170.57 million, a P/E ratio of 5.06 and a beta of 2.59.

Ebix (NASDAQ:EBIX) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.21 EPS for the quarter. Ebix had a return on equity of 7.78% and a net margin of 3.83%. The business had revenue of $118.43 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Ebix from a “hold” rating to a “sell” rating in a research note on Friday.

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.