Lebowitz Steven D Picked Up Ebix Inc (NASDAQ:EBIX) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ebix Inc (NASDAQ:EBIX) reported that Lebowitz Steven D has picked up 1,781,256 of common stock as of 2017-04-13.
The acquisition brings the aggregate amount owned by Lebowitz Steven D to a total of 1,781,256 representing a 5.65% stake in the company.
For those not familiar with the company, 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 operations 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 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 focus in RCS channel pertains to business process outsourcing services that include providing project management, time and material consulting to clients across the world, and claims adjudication/settlement services.
A glance at Ebix Inc (NASDAQ:EBIX)’s key stats reveals a current market capitalization of 1.86 Billion based on 31.50 Million shares outstanding and a price at last close of $59.75 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-13, Raina picked up 5,000 at a purchase price of $29.85. This brings their total holding to 3,459,496 as of the date of the filing.
On the sell side, the most recent transaction saw D’apice unload 7,500 shares at a sale price of $60.68. This brings their total holding to 67,471.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ebix Inc (NASDAQ:EBIX) as things move forward to see if its progress aligns with these transactions.
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