Syntal Capital Partners adds Ebix Inc (EBIX) to its portfolio

Ebix Inc (EBIX) : Syntal Capital Partners added new position in Ebix Inc during the most recent quarter end. The investment management firm now holds 10,787 shares of Ebix Inc which is valued at $634,815 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ebix Inc makes up approximately 0.64% of Syntal Capital Partners’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in EBIX in the latest quarter, The investment management firm added 39,060 additional shares and now holds a total of 1,921,785 shares of Ebix Inc which is valued at $113,097,047. Ebix Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.Rational Advisors reduced its stake in EBIX by selling 12,400 shares or 43.82% in the most recent quarter. The Hedge Fund company now holds 15,900 shares of EBIX which is valued at $942,870. Ebix Inc makes up approx 0.63% of Rational Advisors’s portfolio.Hanseatic Management Services Inc reduced its stake in EBIX by selling 13 shares or 19.7% in the most recent quarter. The Hedge Fund company now holds 53 shares of EBIX which is valued at $2,904. Alps Advisors Inc sold out all of its stake in EBIX during the most recent quarter. The investment firm sold 10,273 shares of EBIX which is valued $562,960.Arizona State Retirement System reduced its stake in EBIX by selling 1,700 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 11,614 shares of EBIX which is valued at $636,447. Ebix Inc makes up approx 0.01% of Arizona State Retirement System’s portfolio.

Ebix Inc opened for trading at $60.1 and hit $60.7 on the upside on Monday, eventually ending the session at $60.3, with a gain of 0.25% or 0.15 points. The heightened volatility saw the trading volume jump to 2,38,865 shares. Company has a market cap of $1,955 M.

On the company’s financial health, Ebix Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.62. The company had revenue of $49322.00 million for the quarter, compared to analysts expectations of $71.20 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Investors should note that on Nov 11, 2016, Ebix Inc announced a cash dividend of $0.0750. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 15, 2016.

Ebix Inc. (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry including carrier systems agency systems and exchanges as well as custom software development. Ebix conducts its operation through four channels: Exchanges Carrier Systems Broker Systems and Business Process Outsourcing. 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 designs and deploys back-end systems for P&C insurance brokers across the world. Ebix also designs and deploys on-demand and back-end systems for P&C insurance companies. Ebix provides business process outsourcing services including project management and Risk Compliance Solutions (RCS) service offerings in the areas of insurance certificate creation and insurance certificate tracking.

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