Amalgamated Bank Makes New Investment in Zix Co. (NASDAQ:ZIXI)

Amalgamated Bank purchased a new position in Zix Co. (NASDAQ:ZIXI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,104 shares of the software maker’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its position in ZIX by 59.0% in the 2nd quarter. Royal Bank of Canada now owns 4,663 shares of the software maker’s stock worth $33,000 after purchasing an additional 1,731 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in ZIX in the 2nd quarter worth $62,000. LPL Financial LLC acquired a new stake in ZIX in the 2nd quarter worth $73,000. Advisor Group Holdings Inc. grew its position in ZIX by 20.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 10,822 shares of the software maker’s stock worth $76,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Creative Planning acquired a new stake in ZIX in the 2nd quarter worth $78,000.

ZIXI has been the subject of a number of analyst reports. Northland Securities downgraded shares of ZIX from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $12.00 to $8.50 in a report on Tuesday, November 9th. Colliers Securities downgraded shares of ZIX from a “buy” rating to a “neutral” rating in a report on Tuesday, November 9th. Stephens reaffirmed a “buy” rating and set a $11.00 price objective on shares of ZIX in a report on Thursday, November 11th. Zacks Investment Research raised shares of ZIX from a “sell” rating to a “hold” rating in a report on Wednesday, November 3rd. Finally, Wedbush downgraded shares of ZIX from an “outperform” rating to a “neutral” rating in a report on Monday, November 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.25.

Shares of ZIXI stock opened at $8.51 on Thursday. Zix Co. has a 12-month low of $6.35 and a 12-month high of $10.37. The company has a market capitalization of $483.28 million, a P/E ratio of -22.39, a P/E/G ratio of 1.99 and a beta of 1.20. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.41. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 7.10.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings results on Sunday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. ZIX had a negative net margin of 4.37% and a positive return on equity of 58.68%. The firm had revenue of $64.90 million during the quarter, compared to the consensus estimate of $64.18 million. During the same period last year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, research analysts expect that Zix Co. will post 0.28 earnings per share for the current year.

ZIX Company Profile

Zix Corp. engages in the provision of an email encryption and security solutions. It offers Secure Cloud, a suite of productivity, security, and compliance solutions. Its products include ZixEncrypt, ZixProtech, ZixMail, ZixArchive, and ZixOne. The firm serves the financial services, healthcare, legal, real estate and title, government, information technology, and manufacturing industries.

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Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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