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
SymbolNASDAQ:EBIX
CUSIP27871520
Phone678-281-2020
Debt
Debt-to-Equity Ratio1.08
Current Ratio1.69
Quick Ratio1.69
Price-To-Earnings
Trailing P/E Ratio24.05
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$363.97 million
Price / Sales6.60
Cash Flow$3.5449 per share
Price / Cash21.51
Book Value$16.97 per share
Price / Book4.49
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 Shares31,490,000
Market Cap$2.41 billion
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. Investors 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 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, August 30th. This is a boost 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?
Ebix shares split before market open on Monday, August 1st 2016. The 3-1 split was announced on Monday, May 23rd 2016. The newly issued shares were payable to shareholders after the market closes 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 has initiated a stock repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
How were Ebix's earnings last quarter?
Ebix Inc (NASDAQ:EBIX) announced its quarterly earnings results on Wednesday, August, 8th. The technology company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The technology company earned $124.60 million during the quarter, compared to analysts' expectations of $111.41 million. Ebix had a net margin of 24.67% and a return on equity of 19.99%. The company'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 price target have analysts set for EBIX?
4 equities research analysts have issued 12-month target prices for Ebix's stock. Their forecasts range from $90.00 to $113.00. On average, they anticipate Ebix's share price to reach $104.3333 in the next twelve months. This suggests a possible upside of 36.8% 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 4 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, "Upon review of the 2Q18 10-Q and factoring in full contributions from India, we raise our 2018 EPS estimate to $3.53, from $3.50. Our new estimates do not include any contributions for the two acquisitions that were announced, but not yet closed, which we estimate could add $0.28 in annualized EPS within six months after full integration. We remain positive on the growth outlook for the company’s various insurance exchanges, as well as its India and emerging markets segments. EBIX now trades at 17x our 2019 EPS estimate of $4.53. Our $113 price target is based on 25x our 2019 EPS estimate." (8/17/2018)
- 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 INC Common Stock (CACI), Science Applications International (SAIC), Scientific Games (SGMS), Verint Systems (VRNT), Allscripts Healthcare Solutions (MDRX), Convergys (CVG), NetScout Systems (NTCT), Quality Systems (QSII), Sykes Enterprises (SYKE), VASCO Data Security International (VDSI), Unisys (UIS), Ribbon Communications (RBBN), Onespan (OSPN) and KEYW (KEYW).
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)
Has Ebix been receiving favorable news coverage?
Headlines about EBIX stock have been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ebix earned a news and rumor sentiment score of 0.00 on Accern's scale. They also assigned news articles about the technology company an impact score of 47.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Ebix.
Who are Ebix's major shareholders?
Ebix's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (11.87%), BlackRock Inc. (10.18%), First Trust Advisors LP (3.58%), Villere ST Denis J & Co. LLC (3.40%), Fred Alger Management Inc. (2.22%) and Dimensional Fund Advisors LP (1.98%). Company insiders that own Ebix stock include 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 selling Ebix stock?
EBIX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Atwood & Palmer Inc., Ashford Capital Management Inc., Granahan Investment Management Inc. MA, California Public Employees Retirement System, United Services Automobile Association, BNP Paribas Arbitrage SA and Bank of New York Mellon Corp. Company insiders that have sold Ebix company stock in the last year include Hans U Benz, Leon Royden Thomas D'apice and Sean T Donaghy. View Insider Buying and Selling for Ebix.
Which institutional investors are buying Ebix stock?
EBIX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Voya Investment Management LLC, Hood River Capital Management LLC, First Trust Advisors LP, Fred Alger Management Inc., Robeco Institutional Asset Management B.V., Portolan Capital Management LLC and WBI Investments Inc.. 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 $76.25.
How big of a company is Ebix?
Ebix has a market capitalization of $2.41 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.
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.
