Traders See Bearish Options Activity Ebix Inc

 Traders See Bearish Options Activity Ebix Inc

In today’s session Ebix Inc (EBIX) recorded an unusually high (120) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious EBIX decrease. With 120 contracts traded and 254 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: EBIX170120P00060000 closed last at: $2.2 or 10.2% down. About 10,342 shares traded hands. Ebix Inc (NASDAQ:EBIX) has risen 25.20% since April 26, 2016 and is uptrending. It has outperformed by 19.94% the S&P500.

Analysts await Ebix Inc (NASDAQ:EBIX) to report earnings on March, 6. They expect $0.67 earnings per share, up 3.08% or $0.02 from last year’s $0.65 per share. EBIX’s profit will be $21.34 million for 22.97 P/E if the $0.67 EPS becomes a reality. After $0.74 actual earnings per share reported by Ebix Inc for the previous quarter, Wall Street now forecasts -9.46% 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 increased to 0.88 in 2016 Q2. Its up 0.07, from 0.81 in 2016Q1. The ratio is positive, 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.
Grp Incorporated last reported 0% of its portfolio in the stock. First Manhattan Communications last reported 1,900 shares in the company. P2 Cap Ptnrs Ltd Llc has 13.38% invested in the company for 1.63 million shares. Alliancebernstein Lp has 0% invested in the company for 43,000 shares. Solaris Asset Lc accumulated 0.15% or 4,350 shares. Argentus Cap Mgmt Ltd Liability Com last reported 64 shares in the company. Citigroup Inc reported 18,486 shares or 0% of all its holdings. Marathon Cap Mgmt holds 5,000 shares or 0.12% of its portfolio. The Michigan-based Comerica Savings Bank has invested 0.01% in Ebix Inc (NASDAQ:EBIX). Meeder Asset Mngmt Incorporated holds 0% of its portfolio in Ebix Inc (NASDAQ:EBIX) for 470 shares. Moreover, California Pub Employees Retirement has 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 154,600 shares. Stifel Fincl Corp holds 0% of its portfolio in Ebix Inc (NASDAQ:EBIX) for 18,000 shares. State Teachers Retirement Sys holds 41,272 shares or 0.01% of its portfolio. Fdx holds 0.01% of its portfolio in Ebix Inc (NASDAQ:EBIX) for 4,249 shares. Invesco Limited holds 0.01% or 314,611 shares in its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 insider sale for $69,347 net activity. $69,347 worth of Ebix Inc (NASDAQ:EBIX) was sold by Kerris Robert F. $167,585 worth of Ebix Inc (NASDAQ:EBIX) was 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 $1.96 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 22.42 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 Nasdaq.com with their article: “Ebix, Inc. (EBIX) Ex-Dividend Date Scheduled for November 28, 2016” published on November 25, 2016, Fool.com published: “Ebix Inc. and Infosys Ltd. Soar as Stocks Drop” on April 15, 2016. More interesting news about Ebix Inc (NASDAQ:EBIX) were released by: Fool.com and their article: “Why Ebix Inc. Stock Gained 18% in April” published on May 13, 2016 as well as Forbes.com‘s news article titled: “Noteworthy Monday Option Activity: EBIX, COP, XOM” with publication date: November 21, 2016.

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