Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance. It also focuses on designing and deploying back-end systems, such as eGlobal, which targets multinational P&C insurance brokers; WinBeat that targets P&C brokers in the Australian and New Zealand markets; and EbixASP, a system for the P&C insurance brokers in the United States. In addition, the company offers business process outsourcing services that include providing domain intensive project management, time, and material based consulting engagements to clients; the creation and tracking of certificates of insurance issued in the United States and Australian markets; and the provision of claims adjudication and settlement, call center, and back office support, as well as a software-based service for the issuance of certificates of insurance and a service to track certificates of insurance for corporate clients in the United States and Australia. Further, the company offers carrier systems, which pertains to the designing and deploying on-demand back-end systems for P&C insurance companies. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Johns Creek, Georgia.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Computer integrated systems design
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:EBIX
Previous Symbol
CUSIP27871520
Phone678-281-2020
Debt
Debt-to-Equity Ratio1.08
Current Ratio1.69
Quick Ratio1.69
Price-To-Earnings
Trailing P/E Ratio18.28
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$363.97 million
Price / Sales5.03
Cash Flow$3.4904 per share
Price / Cash16.60
Book Value$16.97 per share
Price / Book3.41
Profitability
EPS (Most Recent Fiscal Year)$3.17
Net Income$100.61 million
Net Margins24.67%
Return on Equity19.99%
Return on Assets9.11%
Miscellaneous
Employees4,515
Outstanding Shares31,580,000
Market Cap$1.86 billion
OptionableOptionable
Ebix (NASDAQ:EBIX) Frequently Asked Questions
What is Ebix's stock symbol?
Ebix trades on the NASDAQ under the ticker symbol "EBIX."
How often does Ebix pay dividends? What is the dividend yield for Ebix?
Ebix announced a quarterly dividend on Wednesday, August 15th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.75 per share on Friday, September 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Thursday, August 30th. This is an increase from Ebix's previous quarterly dividend of $0.08. View Ebix's Dividend History.
When did Ebix's stock split? How did Ebix's stock split work?
Shares of Ebix split on the morning of Monday, August 1st 2016. The 3-1 split was announced on Monday, May 23rd 2016. The newly minted shares were issued to shareholders after the closing bell on Friday, July 29th 2016. An investor that had 100 shares of Ebix stock prior to the split would have 300 shares after the split.
How will Ebix's stock buyback program work?
Ebix announced that its Board of Directors has initiated a share buyback plan on Friday, April 7th 2017, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
How were Ebix's earnings last quarter?
Ebix Inc (NASDAQ:EBIX) announced its earnings results on Wednesday, August, 8th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The technology company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $111.41 million. Ebix had a net margin of 24.67% and a return on equity of 19.99%. The firm's quarterly revenue was up 42.6% on a year-over-year basis. View Ebix's Earnings History.
When is Ebix's next earnings date?
What guidance has Ebix issued on next quarter's earnings?
Ebix updated its FY 2019 earnings guidance on Tuesday, October, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $650-650 million, compared to the consensus revenue estimate of $589.6 million.
What price target have analysts set for EBIX?
4 brokers have issued 1 year target prices for Ebix's stock. Their forecasts range from $85.00 to $113.00. On average, they expect Ebix's share price to reach $99.50 in the next year. This suggests a possible upside of 71.7% from the stock's current price. View Analyst Price Targets for Ebix.
What is the consensus analysts' recommendation for Ebix?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ebix in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ebix.
What are Wall Street analysts saying about Ebix stock?
Here are some recent quotes from research analysts about Ebix stock:
- 1. Maxim Group analysts commented, "On Friday, we hosted a conference call with EBIX’s Chairman, CEO, and President Robin Raina, who went into significant detail on various initiatives in India." (10/22/2018)
- 2. According to Zacks Investment Research, "Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial services industries. Ebix strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations. " (3/14/2018)
Who are some of Ebix's key competitors?
Some companies that are related to Ebix include CSRA (CSRA), Caci International (CACI), Science Applications International (SAIC), Verint Systems (VRNT), Allscripts Healthcare Solutions (MDRX), Convergys (CVG), Scientific Games (SGMS), NetScout Systems (NTCT), Quality Systems (QSII), Sykes Enterprises (SYKE), Nextgen Healthcare (NXGN), Unisys (UIS), VASCO Data Security International (VDSI), Onespan (OSPN) and Ribbon Communications (RBBN).
Who are Ebix's key executives?
Ebix's management team includes the folowing people:
- Mr. Robin Raina, Chairman, CEO & Pres (Age 52)
- Mr. Sean T. Donaghy, CFO, Principal Accounting Officer & Company Sec. (Age 52)
- Mr. John Graham Prior, Corp. Exec. VP of International Bus. & Intellectual Property (Age 62)
- Mr. Leon d'Apice, Corp. Exec. VP & Managing Director of Ebix Australia Group (Age 62)
- Mr. James Scott Senge Sr., Sr. VP of EbixHealth (Age 58)
Who are Ebix's major shareholders?
Ebix's stock is owned by many different of institutional and retail investors. Top institutional investors include Nikko Asset Management Americas Inc. (1.24%), Tealwood Asset Management Inc. (0.22%), NJ State Employees Deferred Compensation Plan (0.02%) and First Hawaiian Bank (0.01%). Company insiders that own Ebix stock include Fondation Rennes, Graham John Prior, Hans U Benz, Hans Ueli Keller, Leon Royden Thomas D'apice, Neil D Eckert, Robert F Kerris and Sean T Donaghy. View Institutional Ownership Trends for Ebix.
Which institutional investors are buying Ebix stock?
EBIX stock was bought by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Tealwood Asset Management Inc., First Hawaiian Bank and NJ State Employees Deferred Compensation Plan. View Insider Buying and Selling for Ebix.
How do I buy shares of Ebix?
Shares of EBIX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ebix's stock price today?
One share of EBIX stock can currently be purchased for approximately $57.94.
How big of a company is Ebix?
Ebix has a market capitalization of $1.86 billion and generates $363.97 million in revenue each year. The technology company earns $100.61 million in net income (profit) each year or $3.17 on an earnings per share basis. Ebix employs 4,515 workers across the globe.
What is Ebix's official website?
How can I contact Ebix?
Ebix's mailing address is 1 EBIX WAY, JOHNS CREEK GA, 30097. The technology company can be reached via phone at 678-281-2020 or via email at [email protected]
MarketBeat Community Rating for Ebix (NASDAQ EBIX)
MarketBeat's community ratings are surveys of what our community members think about Ebix and other stocks. Vote "Outperform" if you believe EBIX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EBIX will underperform the S&P 500 over the long term. You may vote once every thirty days.
