Connors Investor Services Inc. lowered its position in shares of Zix Co. (NASDAQ:ZIXI) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 367,043 shares of the software maker’s stock after selling 2,085 shares during the quarter. Connors Investor Services Inc. owned about 0.66% of ZIX worth $3,336,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NEXT Financial Group Inc bought a new stake in ZIX during the second quarter valued at $42,000. Manchester Capital Management LLC bought a new stake in ZIX during the second quarter valued at $44,000. BNP Paribas Arbitrage SA boosted its position in ZIX by 63,870.6% during the first quarter. BNP Paribas Arbitrage SA now owns 10,875 shares of the software maker’s stock valued at $75,000 after acquiring an additional 10,858 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ZIX during the second quarter valued at $91,000. Finally, First Quadrant L P CA bought a new position in shares of ZIX during the 2nd quarter worth about $93,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of ZIXI stock traded up $0.15 on Thursday, reaching $7.85. 28,722 shares of the company were exchanged, compared to its average volume of 560,084. The company has a market cap of $428.12 million, a price-to-earnings ratio of 24.53, a PEG ratio of 1.60 and a beta of 0.93. The company has a 50-day moving average of $7.86 and a 200-day moving average of $8.34. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.33 and a quick ratio of 0.33. Zix Co. has a one year low of $4.66 and a one year high of $11.15.
ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). ZIX had a return on equity of 31.03% and a net margin of 1.55%. The company had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. During the same period last year, the company earned $0.07 EPS. ZIX’s revenue for the quarter was up 162.4% compared to the same quarter last year. As a group, sell-side analysts predict that Zix Co. will post 0.33 EPS for the current year.
A number of equities analysts have recently issued reports on ZIXI shares. BidaskClub cut shares of ZIX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Zacks Investment Research raised shares of ZIX from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research report on Saturday, August 10th. Cowen started coverage on shares of ZIX in a research report on Thursday, May 23rd. They set an “outperform” rating and a $11.00 price objective on the stock. ValuEngine cut shares of ZIX from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, TheStreet cut shares of ZIX from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $11.13.
Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.
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