A Director at Ebix is Exercising Options

Today it was reported that a Director at Ebix (EBIXResearch Report), Neil Eckert, exercised options to buy 6,000 EBIX shares at $21.19 a share, for a total transaction value of $127.1K. The options were close to expired and Neil Eckert retained stocks.

This recent transaction increases Neil Eckert’s holding in the company by 7.63% to a total of $2.78 million. In addition to Neil Eckert, one other EBIX executive reported Buy trades in the last month.

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Based on Ebix’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $147 million and quarterly net profit of $20.51 million. In comparison, last year the company earned revenue of $136 million and had a net profit of $8.51 million. The company has a one-year high of $63.89 and a one-year low of $31.06. EBIX’s market cap is $1B and the company has a P/E ratio of 12.06.

In the last 30 days, insiders have sold $1.47M worth of EBIX shares and purchased $127.1K worth of EBIX shares.

Neil Eckert’s trades have generated a -28.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Ebix, Inc. engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following products and services: Exchanges; Broker P&C Systems; Risk Compliance Solutions; and Carrier P&C systems.