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Ebix Inc (EBIX) Chairman & CEO Robin Raina sells 324,132 Shares

June 25, 2012 | About: EBIX +0%
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Chairman & CEO of Ebix Inc (EBIX) Robin Raina sells 324,132 shares of EBIX on 06/22/2012 at an average price of $17.5 a share.

Ebix Inc has a market cap of $689.7 million; its shares were traded at around $18.71 with a P/E ratio of 11.3 and P/S ratio of 4.1. The dividend yield of Ebix Inc stocks is 1.1%. Ebix Inc had an annual average earning growth of 53% over the past 10 years. GuruFocus rated Ebix Inc the business predictability rank of 4-star.

This is the annual revenues and earnings per share of EBIX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of EBIX.


CEO Recent Trades:


  • Chairman & CEO Robin Raina sold 175,868 shares of EBIX stock on 06/21/2012 at the average price of 17.79. Robin Raina owns at least 3,766,128 shares after this. The price of the stock has increased by 5.17% since.

CFO Recent Trades:


  • CFO Robert F Kerris sold 1,522 shares of EBIX stock on 05/21/2012 at the average price of 18.57. Robert F Kerris owns at least 1,036 shares after this. The price of the stock has increased by 0.75% since.


For the complete insider trading history of EBIX, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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