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 Ratio0.76
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Trailing P/E Ratio26.51
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$363.97 million
Price / Sales7.29
Cash Flow$3.6480 per share
Price / Cash23.04
Book Value$16.97 per share
Price / Book4.95
Profitability
EPS (Most Recent Fiscal Year)$3.17
Net Income$100.61 million
Net Margins25.54%
Return on Equity19.54%
Return on Assets9.51%
Miscellaneous
Employees4,515
Outstanding Shares31,550,000
Market Cap$2,582.63
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 Thursday, May 10th. Investors of record on Thursday, May 31st will be paid a dividend of $0.075 per share on Friday, June 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Wednesday, May 30th. View Ebix's Dividend History.
When did Ebix's stock split? How did Ebix's stock split work?
Ebix shares split on the morning of Monday, August 1st 2016. The 3-1 split was announced on Monday, May 23rd 2016. The newly created 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 permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
How were Ebix's earnings last quarter?
Ebix Inc (NASDAQ:EBIX) posted its earnings results on Wednesday, May, 9th. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.03. The technology company earned $108.23 million during the quarter, compared to analysts' expectations of $106.81 million. Ebix had a net margin of 25.54% and a return on equity of 19.54%. The company's quarterly revenue was up 36.8% 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 brokerages have issued 12 month price objectives for Ebix's shares. Their forecasts range from $90.00 to $110.00. On average, they anticipate Ebix's stock price to reach $102.6667 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price. View Analyst Ratings 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."
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, "EBIX is a leader in technology solutions to the insurance industry with an expanding presence in finance and healthcare while providing cost savings and better automation." (7/12/2018)
- 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 Open Text (OTEX), Leidos (LDOS), CSRA (CSRA), Scientific Games (SGMS), CACI INTERNATIONAL INC Common Stock (CACI), Science Applications International (SAIC), Verint Systems (VRNT), NetScout Systems (NTCT), Convergys (CVG), Allscripts Healthcare Solutions (MDRX), Sykes Enterprises (SYKE), Quality Systems (QSII), 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)
Has Ebix been receiving favorable news coverage?
Headlines about EBIX stock have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ebix earned a daily sentiment score of 0.15 on Accern's scale. They also gave headlines about the technology company an impact score of 46.52 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Ebix's major shareholders?
Ebix's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fred Alger Management Inc. (2.22%), Atwood & Palmer Inc. (0.61%), Boston Advisors LLC (0.05%), Bank of Montreal Can (0.04%), Municipal Employees Retirement System of Michigan (0.02%) and Nisa Investment Advisors LLC (0.02%). 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 Atwood & Palmer Inc. and Municipal Employees Retirement System of Michigan. 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 Fred Alger Management Inc., Boston Advisors LLC, Bank of Montreal Can, Nisa Investment Advisors LLC and Creative Planning. 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 $84.05.
How big of a company is Ebix?
Ebix has a market capitalization of $2.58 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.
