A Director at Ebix Inc is Exercising Options


Today it was reported that a Director at Ebix Inc (EBIX), Pavan Bhalla, exercised options to buy 6,187 EBIX shares at $18.32 a share, for a total transaction value of $113.4K. The options were close to expired and Pavan Bhalla retained stocks.

Following Pavan Bhalla’s last EBIX Buy transaction on March 24, 2014, the stock climbed by 26.0%. Following this transaction Pavan Bhalla’s holding in the company was increased by 13.48% to a total of $2.36 million.

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Based on Ebix Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $129 million and quarterly net profit of $29.24 million. In comparison, last year the company earned revenue of $105 million and had a net profit of $26.57 million. EBIX’s market cap is $1.34B and the company has a P/E ratio of 12.11. Currently, Ebix Inc has an average volume of 515.5K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.33, reflecting a 127.1% upside.

In the last 30 days, insiders have sold $9.36M worth of EBIX shares and purchased $212.7K worth of EBIX shares.

Pavan Bhalla’s trades have generated a -65.7% 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.

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