Ebix Inc Unusual Bullish Options Activity Means Profits for Traders

 Ebix Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Ebix Inc (EBIX) registered an unusually high (450) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EBIX increase. With 450 contracts traded and 4024 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EBIX161021C00060000 closed last at: $0.6 or 25% down. About 31,289 shares traded hands. Ebix Inc (NASDAQ:EBIX) has risen 35.67% since March 3, 2016 and is uptrending. It has outperformed by 27.33% the S&P500.

Analysts await Ebix Inc (NASDAQ:EBIX) to report earnings on November, 4. They expect $0.63 EPS, up 6.78% or $0.04 from last year’s $0.59 per share. EBIX’s profit will be $20.22 million for 22.26 P/E if the $0.63 EPS becomes a reality. After $0.70 actual EPS reported by Ebix Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

According to Zacks Investment Research, “Ebix Inc is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.08, from 0.89 in 2016Q1. The ratio dived, as 12 funds sold all Ebix Inc shares owned while 66 reduced positions. 25 funds bought stakes while 38 increased positions. They now own 22.00 million shares or 2.12% more from 21.55 million shares in 2016Q1.
The Ohio-based Victory Capital Mgmt has invested 0% in Ebix Inc (NASDAQ:EBIX). Dimensional Fund Advisors Limited Partnership, a Texas-based fund reported 729,261 shares. Piermont Mngmt owns 20,334 shares or 0.25% of their US portfolio. Mckinley Cap Lc Delaware, a Unknown-based fund reported 72,121 shares. Goldman Sachs Incorporated last reported 67,952 shares in the company. Commercial Bank Of New York Mellon Corp has 342,549 shares for 0.01% of their US portfolio. Comml Bank Of America De has 0% invested in the company for 12,841 shares. The Minnesota-based Walleye Trading Ltd Liability Company has invested 0% in Ebix Inc (NASDAQ:EBIX). Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Ebix Inc (NASDAQ:EBIX). Fifth Third Fincl Bank accumulated 0% or 750 shares. Federated Pa has 17,545 shares for 0% of their US portfolio. Ameritas Prns Inc holds 1,227 shares or 0% of its portfolio. Thrivent For Lutherans last reported 0% of its portfolio in the stock. Alliancebernstein Lp has 0% invested in the company for 43,000 shares. Susquehanna Intll Group Llp has invested 0% of its portfolio in Ebix Inc (NASDAQ:EBIX).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 insider sale for $167,585 net activity. Shares for $167,585 were sold by Keller Hans Ueli.

Ebix, Inc. is a supplier of software and e-commerce solutions to the insurance industry. The company has a market cap of $1.80 billion. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. It has a 21.61 P/E ratio. Ebix conducts its activities through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).

EBIX Company Profile

Ebix, Inc. (Ebix), incorporated on December 29, 2003, is a supplier of software and e-commerce solutions to the insurance, finance and healthcare industries. The Firm provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. The Firm conducts its activities through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS). Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebix’s focus in the area of broker systems is on designing and deploying back-end systems for international P&C insurance brokers across the world. Ebix’s focus in the area of carrier systems is on designing and deploying on-demand and back-end systems for P&C insurance companies. Ebix focus in RCS channel pertains to business process outsourcing services that include providing domain intensive project management, time and material consulting to clients across the world, and claims adjudication/settlement services, in addition to the creation and tracking of certificates of insurance issued in the United States and Australian markets. Ebix also provides software development, customization and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges and standard making bodies.

More notable recent Ebix Inc (NASDAQ:EBIX) news were published by: Forbes.com which released: “EBIX Inc. – A Long-Term Winner” on May 27, 2016, also Fool.com with their article: “Why Ebix Inc. Stock Gained 18% in April” published on May 13, 2016, Seekingalpha.com published: “Ebix Inc.: Is This Total Return Opportunity Worth The Price?” on August 05, 2016. More interesting news about Ebix Inc (NASDAQ:EBIX) were released by: Fool.com and their article: “Ebix Inc. and Infosys Ltd. Soar as Stocks Drop” published on April 15, 2016 as well as Seekingalpha.com‘s news article titled: “Ebix: A Growth Stock With Huge Opportunities Ahead” with publication date: September 16, 2016.

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