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 Ratio1.16
Current Ratio1.56
Quick Ratio1.69
Price-To-Earnings
Trailing P/E Ratio14.55
Forward P/E Ratio13.82
P/E GrowthN/A
Sales & Book Value
Annual Sales$363.97 million
Price / Sales4.27
Cash Flow$3.4597 per share
Price / Cash14.38
Book Value$17.32 per share
Price / Book2.87
Profitability
EPS (Most Recent Fiscal Year)$3.17
Net Income$100.61 million
Net Margins23.85%
Return on Equity20.55%
Return on Assets8.79%
Miscellaneous
Employees4,515
Outstanding Shares31,270,000
Market Cap$1.60 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 given 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 6.03%. 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?
Ebix's stock split on the morning of Friday, December 14th 2018. The 5-1 split was announced on Thursday, September 20th 2018. The newly minted shares will be distributed to shareholders after the market closes on Thursday, December 13th 2018. An investor that had 100 shares of Ebix stock prior to the split would have 500 shares after the split.
How will Ebix's stock buyback program work?
Ebix announced that its Board of Directors has approved a share buyback program on Friday, April 7th 2017, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.
How were Ebix's earnings last quarter?
Ebix Inc (NASDAQ:EBIX) released its quarterly earnings data on Thursday, November, 8th. The technology company reported $0.92 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.95 by $0.03. The technology company had revenue of $128.64 million for the quarter, compared to analysts' expectations of $128.63 million. Ebix had a net margin of 23.85% and a return on equity of 20.55%. The company's quarterly revenue was up 38.6% 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 issued an update on 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 equities research analysts have issued twelve-month price targets for Ebix's shares. Their forecasts range from $85.00 to $113.00. On average, they expect Ebix's stock price to reach $99.50 in the next year. This suggests a possible upside of 100.0% 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)
Has Ebix been receiving favorable news coverage?
Media coverage about EBIX stock has trended somewhat positive on Friday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ebix earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Ebix's key competitors?
Some companies that are related to Ebix include Caci International (CACI), Science Applications International (SAIC), Verint Systems (VRNT), NetScout Systems (NTCT), Scientific Games (SGMS), Allscripts Healthcare Solutions (MDRX), Sykes Enterprises (SYKE), Nextgen Healthcare (NXGN), Unisys (UIS), Ribbon Communications (RBBN), Onespan (OSPN), KEYW (KEYW), Agilysys (AGYS), Simulations Plus (SLP) and Digimarc (DMRC).
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 retail and institutional investors. Top institutional shareholders include FMR LLC (12.12%), BlackRock Inc. (10.75%), First Trust Advisors LP (3.92%), Villere ST Denis J & Co. LLC (3.39%), RK Capital Management LLC (1.96%) and Dimensional Fund Advisors LP (1.91%). 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, Robin Raina 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 Wasatch Advisors Inc., Dimensional Fund Advisors LP, Piedmont Investment Advisors Inc., Credit Suisse AG, Man Group plc, Barington Capital Group L.P., GAM Holding AG and Villere ST Denis J & Co. LLC. Company insiders that have sold Ebix company stock in the last year include Fondation Rennes, 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 RK Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Robeco Institutional Asset Management B.V., BlackRock Inc., First Trust Advisors LP, FMR LLC and Robeco Institutional Asset Management B.V.. 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 $49.75.
How big of a company is Ebix?
Ebix has a market capitalization of $1.60 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.
