Ebix, Inc. (EBIX) Reaches $78.60 After 8.00% Up Move; Sba Communications (SBAC)’s Sentiment Is 2

April 16, 2018 - By Darrin Black

Ebix, Inc. (NASDAQ:EBIX) Logo

The stock of Ebix, Inc. (NASDAQ:EBIX) is a huge mover today! The stock increased 3.15% or $2.4 during the last trading session, reaching $78.6. About 69,256 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 20.38% since April 16, 2017 and is uptrending. It has outperformed by 8.83% the S&P500.The move comes after 5 months positive chart setup for the $2.48B company. It was reported on Apr, 16 by Barchart.com. We have $84.89 PT which if reached, will make NASDAQ:EBIX worth $198.00M more.

Sba Communications Corp (SBAC) investors sentiment increased to 2 in Q4 2017. It’s up 2.00, from 0 in 2017Q3. The ratio has increased, as 4 institutional investors opened new and increased holdings, while 2 trimmed and sold positions in Sba Communications Corp. The institutional investors in our database now own: 2.57 million shares, down from 3.17 million shares in 2017Q3. Also, the number of institutional investors holding Sba Communications Corp in top ten holdings decreased from 2 to 1 for a decrease of 1. Sold All: 2 Reduced: 0 Increased: 1 New Position: 3.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on May, 8. They expect $0.86 EPS, up 3.61% or $0.03 from last year’s $0.83 per share. EBIX’s profit will be $27.08 million for 22.85 P/E if the $0.86 EPS becomes a reality. After $0.84 actual EPS reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.01, from 1.23 in 2017Q3. It turned negative, as 17 investors sold Ebix, Inc. shares while 46 reduced holdings. 29 funds opened positions while 48 raised stakes. 19.76 million shares or 2.52% more from 19.27 million shares in 2017Q3 were reported. Mason Street Advsr Llc holds 5,727 shares. Marathon invested in 0.12% or 4,000 shares. Federated Incorporated Pa holds 18,456 shares or 0% of its portfolio. Price T Rowe Assocs Inc Md has invested 0% in Ebix, Inc. (NASDAQ:EBIX). 5,797 were reported by Aperio Lc. Ny State Common Retirement Fund reported 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Public Employees Retirement Association Of Colorado invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). State Board Of Administration Of Florida Retirement Sys holds 13,209 shares. Alliancebernstein L P invested in 38,490 shares. Teacher Retirement Of Texas accumulated 7,082 shares. Proshare Advsr Limited Liability Corporation holds 4,238 shares. Royal Savings Bank Of Canada holds 0% or 7,482 shares in its portfolio. 69,642 were reported by Congress Asset Ma. Ashford Capital Mgmt holds 6.14% or 498,225 shares. Victory Mngmt has 0% invested in Ebix, Inc. (NASDAQ:EBIX).

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $2.48 billion. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. It has a 24.79 P/E ratio. The firm operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty insurance.

Among 2 analysts covering Ebix (NASDAQ:EBIX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ebix had 5 analyst reports since August 11, 2015 according to SRatingsIntel. Craig Hallum maintained Ebix, Inc. (NASDAQ:EBIX) rating on Thursday, November 9. Craig Hallum has “Buy” rating and $87.0 target. The company was maintained on Monday, March 5 by Craig Hallum. The rating was initiated by William Blair with “Buy” on Thursday, September 28. Zacks upgraded it to “Hold” rating and $35 target in Tuesday, August 11 report.

The stock increased 1.73% or $2.85 during the last trading session, reaching $167.39. About 306,106 shares traded. SBA Communications Corporation (SBAC) has risen 44.40% since April 16, 2017 and is uptrending. It has outperformed by 32.85% the S&P500.

Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on May, 7. They expect $0.22 earnings per share, down 29.03% or $0.09 from last year’s $0.31 per share. SBAC’s profit will be $25.62M for 190.22 P/E if the $0.22 EPS becomes a reality. After $0.23 actual earnings per share reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $83,645 activity.

Ratings analysis reveals 40% of SBA Comm’s analysts are positive. Out of 5 Wall Street analysts rating SBA Comm, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. SBAC was included in 5 notes of analysts from September 13, 2016. The rating was initiated by Guggenheim with “Neutral” on Friday, December 16. The firm has “Overweight” rating given on Wednesday, November 30 by JP Morgan. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Neutral” rating given on Tuesday, December 6 by Macquarie Research. SunTrust initiated SBA Communications Corporation (NASDAQ:SBAC) on Tuesday, September 13 with “Buy” rating. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Neutral” rating given on Wednesday, January 25 by Citigroup.

SBA Communications Corporation operates as a real estate investment trust. The company has market cap of $19.49 billion. The firm operates through two divisions, Site Leasing and Site Development. It has a 194.64 P/E ratio. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications.

Ebix, Inc. (NASDAQ:EBIX) Institutional Positions Chart

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