Ajo LP Decreases Stock Holdings in Zix Co. (NASDAQ:ZIXI)

AJO LP cut its holdings in shares of Zix Co. (NASDAQ:ZIXI) by 11.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 721,078 shares of the software maker’s stock after selling 88,678 shares during the quarter. AJO LP owned approximately 1.30% of ZIX worth $4,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quantamental Technologies LLC grew its position in ZIX by 71.1% during the first quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock valued at $40,000 after acquiring an additional 2,417 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of ZIX by 1,108.8% during the fourth quarter. Macquarie Group Ltd. now owns 9,670 shares of the software maker’s stock valued at $55,000 after purchasing an additional 8,870 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of 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 purchasing an additional 10,858 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in ZIX by 343.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,543 shares of the software maker’s stock worth $106,000 after acquiring an additional 14,362 shares during the period. Finally, Bank of Montreal Can lifted its stake in ZIX by 2,185.1% in the first quarter. Bank of Montreal Can now owns 16,453 shares of the software maker’s stock worth $113,000 after acquiring an additional 15,733 shares during the period. 72.27% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on ZIXI. BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research raised ZIX from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Cowen initiated coverage on ZIX in a research report on Thursday, May 23rd. They set an “outperform” rating and a $11.00 price objective for the company. Finally, Northland Securities reissued a “buy” rating and set a $10.00 price objective on shares of ZIX in a research report on Friday, May 3rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $11.75.

Shares of NASDAQ:ZIXI traded up $0.22 on Friday, hitting $9.09. 1,211,824 shares of the company traded hands, compared to its average volume of 665,025. Zix Co. has a 52 week low of $4.66 and a 52 week high of $11.15. The business has a 50 day moving average price of $9.29. The company has a market capitalization of $504.92 million, a P/E ratio of 28.41, a PEG ratio of 2.13 and a beta of 0.95. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.37.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). ZIX had a return on equity of 20.21% and a net margin of 8.75%. The business had revenue of $29.30 million during the quarter, compared to the consensus estimate of $27.19 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. ZIX’s quarterly revenue was up 75.9% compared to the same quarter last year. On average, equities analysts anticipate that Zix Co. will post 0.29 EPS for the current year.

ZIX Company Profile

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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Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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