The Zix Corp. Forecasted to Earn FY2016 Earnings of $0.09 Per Share (ZIXI)

The Zix Corp. Forecasted to Earn FY2016 Earnings of $0.09 Per Share (ZIXI)

Zix Corp. (NASDAQ:ZIXI) – Imperial Capital increased their FY2016 earnings per share estimates for shares of Zix Corp. in a research report issued on Wednesday. Imperial Capital analyst M. Kim now forecasts that the brokerage will post earnings per share of $0.09 for the year, up from their previous estimate of $0.07. Imperial Capital currently has a “Outperform” rating and a $5.50 target price on the stock.

Several other brokerages have also recently issued reports on ZIXI. Zacks Investment Research upgraded Zix Corp. from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a research note on Saturday. TheStreet upgraded Zix Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $5.63.

Shares of Zix Corp. (NASDAQ:ZIXI) opened at 4.07 on Monday. The stock has a market capitalization of $214.56 million, a price-to-earnings ratio of 47.33 and a beta of 0.99. Zix Corp. has a 12 month low of $3.23 and a 12 month high of $5.78. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $3.95.

Zix Corp. (NASDAQ:ZIXI) last issued its earnings results on Tuesday, October 25th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $15.30 million for the quarter, compared to analyst estimates of $15.10 million. Zix Corp. had a net margin of 7.97% and a return on equity of 19.84%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS.

In other Zix Corp. news, Director Richard Spurr sold 25,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $4.09, for a total value of $102,250.00. Following the sale, the director now directly owns 148,048 shares of the company’s stock, valued at $605,516.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the company. Connors Investor Services Inc. raised its stake in shares of Zix Corp. by 32.3% in the second quarter. Connors Investor Services Inc. now owns 660,741 shares of the company’s stock valued at $2,478,000 after buying an additional 161,294 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Zix Corp. by 85.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 301,490 shares of the company’s stock valued at $1,131,000 after buying an additional 138,857 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Zix Corp. by 142.7% in the first quarter. Goldman Sachs Group Inc. now owns 194,905 shares of the company’s stock valued at $766,000 after buying an additional 114,610 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Zix Corp. by 907.2% in the third quarter. Acadian Asset Management LLC now owns 108,364 shares of the company’s stock valued at $444,000 after buying an additional 97,605 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in shares of Zix Corp. by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 924,410 shares of the company’s stock valued at $3,790,000 after buying an additional 91,752 shares in the last quarter. 64.59% of the stock is currently owned by hedge funds and other institutional investors.

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