Zix Corporation (ZIXI) : Penbrook Management reduced its stake in Zix Corporation by 53.22% during the most recent quarter end. The investment management company now holds a total of 73,406 shares of Zix Corporation which is valued at $300,965 after selling 83,500 shares in Zix Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Zix Corporation makes up approximately 0.33% of Penbrook Management’s portfolio.
Zix Corporation closed down -0.34 points or -8.31% at $3.75 with 8,51,705 shares getting traded on Wednesday. Post opening the session at $4, the shares hit an intraday low of $3.6884 and an intraday high of $4.0441 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in ZIXI during the most recent quarter. The investment firm sold 121,700 shares of ZIXI which is valued $498,970.Thomson Horstmann Bryant Inc boosted its stake in ZIXI in the latest quarter, The investment management firm added 377,619 additional shares and now holds a total of 1,746,744 shares of Zix Corporation which is valued at $7,161,650. Zix Corporation makes up approx 0.83% of Thomson Horstmann Bryant Inc’s portfolio.Trust Co Of Toledo Na Oh reduced its stake in ZIXI by selling 140 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 12,981 shares of ZIXI which is valued at $50,756. Zix Corporation makes up approx 0.02% of Trust Co Of Toledo Na Oh’s portfolio. Acadian Asset Management sold out all of its stake in ZIXI during the most recent quarter. The investment firm sold 73,289 shares of ZIXI which is valued $286,560. Simplex Trading added ZIXI to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $391.
On the company’s financial health, Zix Corporation reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $14.30 million for the quarter, compared to analysts expectations of $14.34 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Zix Corporation. Shares were Reiterated by Dougherty & Company on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .
Zix Corporation (ZixCorp) offers email encryption data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs. The Company’s products include Zix Email Encryption; ZixDirectory; ZixGateway; ZixDLP and ZixOne. ZixCorp’s business operations and service offerings are supported by the ZixData Center. It serves organizations in the healthcare financial services insurance and government sectors including federal financial regulators such as the Federal Financial Institutions Examination Council (FFIEC) divisions of the United States Treasury the United States Securities and Exchange Commission (SEC) one of four United States banks over 30 Blue Cross Blue Shield organizations and one in every five United States hospitals.