Fintel reports that on April 11, 2023,
Craig-Hallum
maintained
coverage of Ebix (NASDAQ:EBIX) with
a Buy recommendation.
Analyst Price Forecast Suggests 67.51% Upside
As of April 6, 2023,
the average one-year price target for Ebix is $30.86.
The forecasts range from a low of $25.76 to a high of $36.75.
The average price target represents an increase of 67.51% from its latest reported closing price of $18.42.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ebix
is $1,052MM, an increase of 0.18%.
The projected annual non-GAAP EPS
is $2.64.
What are Other Shareholders Doing?
FTEC – Fidelity MSCI Information Technology Index ETF
holds 31K shares
representing 0.10% ownership of the company.
In it’s prior filing, the firm reported owning 27K shares, representing
an increase
of 13.74%.
The firm
increased
its portfolio allocation in EBIX by 4.80% over the last quarter.
UAPIX – Ultrasmall-cap Profund Investor Class
holds 0K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 0.48%.
The firm
decreased
its portfolio allocation in EBIX by 24.46% over the last quarter.
SLPIX – Small-cap Profund Investor Class
holds 0K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
a decrease
of 20.00%.
The firm
decreased
its portfolio allocation in EBIX by 7.38% over the last quarter.
Hussman Strategic Advisors
holds 88K shares
representing 0.29% ownership of the company.
No change in the last quarter.
QWVOX – Clearwater Small Companies Fund
holds 18K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 24K shares, representing
a decrease
of 30.51%.
The firm
decreased
its portfolio allocation in EBIX by 4.72% over the last quarter.
What is the Fund Sentiment?
There are 407 funds or institutions reporting positions in Ebix.
This is a decrease
of
12
owner(s) or 2.86% in the last quarter.
Average portfolio weight of all funds dedicated to EBIX is 0.07%,
a decrease
of 34.65%.
Total shares owned by institutions decreased
in the last three months by 3.65% to 22,797K shares.
The put/call ratio of EBIX is 0.50, indicating a
bullish
outlook.
Ebix Background Information
(This description is provided by the company.)
With a ‘Phygital’ strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (‘ASEAN’) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $6.5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. EbixCash’s Financial Technology solutions are today deployed across prestigious financial institutions and Banks in 44 countries.
See all Ebix regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
