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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
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 Ratio23.31
Forward P/E Ratio18.96
P/E Growth1.89
Sales & Book Value
Annual Sales$363.97 million
Price / Sales6.39
Cash Flow$3.5639 per share
Price / Cash20.75
Book Value$17.19 per share
Price / Book4.30
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 Shares31,470,000
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 declared 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 0.41%. 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's stock 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 declared that its board has initiated a share repurchase plan on Friday, April 7th 2017, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
How were Ebix's earnings last quarter?
Ebix Inc (NASDAQ:EBIX) issued its quarterly 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 had revenue of $108.23 million for the quarter, compared to analysts' expectations of $106.81 million. Ebix had a return on equity of 19.54% and a net margin of 25.54%. The business's revenue was up 36.8% 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 fourth quarter earnings guidance on Thursday, March, 1st. The company provided EPS guidance of $0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.80. The company issued revenue guidance of $104.7 million, compared to the consensus revenue estimate of $96.89 million.
What price target have analysts set for EBIX?
3 equities research analysts have issued 1-year price targets for Ebix's stock. Their forecasts range from $90.00 to $110.00. On average, they anticipate Ebix's share price to reach $100.00 in the next year. View Analyst Ratings for Ebix.
Who are some of Ebix's key competitors?
Some companies that are related to Ebix include OpenText (OTEX), CSRA (CSRA), Scientific Games (SGMS), CACI (CACI), Science Applications International (SAIC), Verint Systems (VRNT), NetScout Systems (NTCT), Allscripts (MDRX), Convergys (CVG), Sykes Enterprises (SYKE), Quality Systems (QSII), VASCO Data Security International (VDSI), Unisys (UIS), Ribbon Communications (RBBN) and The 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. Robert F. Kerris, Exec. VP and Corp. Officer of Mergers & Acquisitions & Special Projects (Age 64)
- 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?
Media stories about EBIX stock have trended positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ebix earned a news sentiment score of 0.50 on Accern's scale. They also gave media coverage about the technology company an impact score of 43.35 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Ebix's major shareholders?
Ebix's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.37%), Villere ST Denis J & Co. LLC (3.40%), Dimensional Fund Advisors LP (1.94%), P2 Capital Partners LLC (1.69%), Northern Trust Corp (1.41%) and Atwood & Palmer Inc. (1.02%). 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 major investors are selling Ebix stock?
EBIX stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Hancock Holding Co., Rhumbline Advisers, Millrace Asset Group Inc., Northern Trust Corp, Atwood & Palmer Inc., The Manufacturers Life Insurance Company and American International Group Inc.. Company insiders that have sold Ebix company stock in the last year include Graham John Prior, Hans U Benz, Leon Royden Thomas D'apice and Sean T Donaghy. View Insider Buying and Selling for Ebix.
Which major investors are buying Ebix stock?
EBIX stock was purchased by a variety of institutional investors in the last quarter, including Villere ST Denis J & Co. LLC, Royal Bank of Canada, JPMorgan Chase & Co., Dimensional Fund Advisors LP, BlackRock Inc., ARS Investment Partners LLC, P2 Capital Partners LLC and CIBC World Markets 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 $73.95.
How big of a company is Ebix?
Ebix has a market capitalization of $2.32 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 (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.
Ebix (NASDAQ:EBIX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Ebix in the last 12 months. Their average twelve-month price target is $100.00, suggesting that the stock has a possible upside of 35.23%. The high price target for EBIX is $110.00 and the low price target for EBIX is $90.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $100.00 | $100.00 | $88.50 | $87.00 |
| Price Target Upside: | 35.23% upside | 20.41% upside | 11.11% upside | 17.17% upside |
Ebix (NASDAQ:EBIX) Consensus Price Target History
Ebix (NASDAQ:EBIX) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/5/2018 | Craig Hallum | Reiterated Rating | Buy | $87.00 ➝ $110.00 | High |  |
| 12/19/2017 | Sidoti | Boost Price Target | Buy | $88.00 ➝ $90.00 | Low | |
| 9/27/2017 | William Blair | Initiated Coverage | Outperform ➝ Outperform | | High | |
(Data available from 5/23/2016 forward)
Ebix (NASDAQ:EBIX) Dividend Information
Ebix pays an annual dividend of $0.30 per share, with a dividend yield of 0.41%. EBIX's next quarterly dividend payment will be made on Friday, June 15. Ebix pays out 9.46% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.30 |
| Dividend Yield: | 0.41% |
| Payout Ratio(s): | 9.46% (Trailing 12 Months of Earnings)
7.69% (Based on This Year's Estimates)
6.79% (Based on Next Year's Estimates)
8.42% (Based on Cash Flow)
|
Ebix (NASDAQ:EBIX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/10/2018 | Quarterly | $0.0750 | 0.38% | 5/30/2018 | 5/31/2018 | 6/15/2018 |
| 2/16/2018 | quarterly | $0.0750 | 0.35% | 2/27/2018 | 2/28/2018 | 3/15/2018 |
| 11/10/2017 | Quarterly | $0.0750 | 0.4% | 11/29/2017 | 11/30/2017 | 12/15/2017 |
| 8/21/2017 | Quarterly | $0.0750 | 0.52% | 8/29/2017 | 8/31/2017 | 9/15/2017 |
| 5/12/2017 | Quarterly | $0.0750 | 0.53% | 5/26/2017 | 5/31/2017 | 6/15/2017 |
| 2/3/2017 | quarterly | $0.0750 | 0.53% | 2/24/2017 | 2/28/2017 | 3/15/2017 |
| 11/11/2016 | Quarterly | $0.0750 | | 11/28/2016 | 11/30/2016 | 12/15/2016 |
| 8/16/2016 | quarterly | $0.0750 | 0.53% | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/12/2016 | quarterly | $0.0750 | 0.65% | 5/26/2016 | 5/31/2016 | 6/15/2016 |
| 2/25/2016 | quarterly | $0.0750 | 0.89% | 2/25/2016 | 2/29/2016 | 3/15/2016 |
| 11/20/2015 | quarterly | $0.0750 | 0.82% | 11/25/2015 | 11/30/2015 | 12/15/2015 |
| 8/21/2015 | quarterly | $0.0750 | 1.07% | 8/27/2015 | 8/31/2015 | 9/15/2015 |
| 5/15/2015 | quarterly | $0.0750 | 0.87% | 5/27/2015 | 5/29/2015 | 6/15/2015 |
| 2/12/2015 | quarterly | $0.0750 | 1.28% | 2/25/2015 | 2/27/2015 | 3/16/2015 |
| 11/7/2014 | quarterly | $0.0750 | 2% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 8/7/2014 | quarterly | $0.0750 | 2.17% | 8/27/2014 | 8/29/2014 | 9/15/2014 |
| 5/7/2014 | quarterly | $0.0750 | 1.97% | 5/28/2014 | 5/30/2014 | 6/13/2014 |
| 2/5/2014 | quarterly | $0.0750 | 2.16% | 2/18/2014 | 2/20/2014 | 3/14/2014 |
| 2/1/2013 | quarterly | $0.0750 | 1.89% | 2/13/2013 | 2/15/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Ebix (NASDAQ EBIX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.80%
Institutional Ownership Percentage: 66.07%
Ebix (NASDAQ EBIX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/15/2017 | Leon Royden Thomas D'apice | EVP | Sell | 3,500 | $77.45 | $271,075.00 | 63,971 | |
| 11/16/2017 | Sean T Donaghy | CFO | Sell | 600 | $75.56 | $45,336.00 | | |
| 11/15/2017 | Hans U Benz | Director | Sell | 2,850 | $73.30 | $208,905.00 | 2,909 | |
| 6/12/2017 | Graham John Prior | VP | Sell | 18,500 | $55.33 | $1,023,605.00 | 18,506 | |
| 3/23/2017 | Leon Royden Thomas D'apice | EVP | Sell | 7,500 | $60.68 | $455,100.00 | 67,471 | |
| 3/22/2017 | Hans Ueli Keller | Director | Sell | 2,675 | $60.42 | $161,623.50 | 73,253 | |
| 12/22/2016 | Hans U Benz | Director | Sell | 4,641 | $57.31 | $265,975.71 | 56,127 | |
| 12/21/2016 | Robert F. Kerris | CFO | Sell | 1,212 | $58.92 | $71,411.04 | | |
| 12/20/2016 | Neil D Eckert | Director | Sell | 19,304 | $59.41 | $1,146,850.64 | 116,241 | |
| 12/16/2016 | Hans U Benz | Director | Sell | 6,549 | $59.28 | $388,224.72 | 49,939 | |
| 12/9/2016 | Hans Ueli Keller | Director | Sell | 2,549 | $59.67 | $152,098.83 | 69,753 | |
| 12/1/2016 | Hans Ueli Keller | Director | Sell | 4,000 | $57.94 | $231,760.00 | 72,302 | |
| 11/11/2016 | Robert F Kerris | CFO | Sell | 1,171 | $59.22 | $69,346.62 | 3,500 | |
| 6/21/2016 | Robert F Kerris | CFO | Sell | 1,211 | $47.73 | $57,801.03 | 4,671 | |
| 5/31/2016 | Hans Ueli Keller | Director | Sell | 3,684 | $45.49 | $167,585.16 | 69,753 | |
| 3/28/2016 | Robert F Kerris | CFO | Sell | 1,211 | $39.57 | $47,919.27 | 5,882 | |
| 3/3/2016 | Hans U Benz | Director | Sell | 7,464 | $40.95 | $305,650.80 | 49,939 | |
| 3/2/2016 | Robert F Kerris | CFO | Sell | 1,067 | $40.86 | $43,597.62 | 7,093 | |
| 9/22/2015 | Robert F Kerris | CFO | Sell | 1,211 | $27.73 | $33,581.03 | 8,304 | |
| 6/24/2015 | Robert F Kerris | CFO | Sell | 1,211 | $33.55 | $40,629.05 | | |
| 5/22/2015 | Fondation Rennes | Major Shareholder | Buy | 14,400 | $37.35 | $537,840.00 | | |
| 5/21/2015 | Fondation Rennes | Major Shareholder | Buy | 16,600 | $36.93 | $613,038.00 | | |
| 4/16/2015 | Fondation Rennes | Major Shareholder | Buy | 30,000 | $28.70 | $861,000.00 | | |
| 4/2/2015 | Fondation Rennes | Major Shareholder | Buy | 15,000 | $29.43 | $441,450.00 | | |
| 4/1/2015 | Fondation Rennes | Major Shareholder | Buy | 14,200 | $29.87 | $424,154.00 | | |
| 3/30/2015 | Fondation Rennes | Major Shareholder | Buy | 5,800 | $29.93 | $173,594.00 | | |
| 3/24/2015 | Leon Royden Thomas D'apice | EVP | Sell | 25,000 | $30.94 | $773,500.00 | | |
| 3/20/2015 | Robert F Kerris | CFO | Sell | 4,845 | $30.29 | $146,755.05 | | |
| 3/24/2014 | Pavan Bhalla | Director | Sell | 40,000 | $16.95 | $678,000.00 | 33,379 | |
(Data available from 1/1/2013 forward)
Ebix (NASDAQ EBIX) News Headlines
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Ebix (NASDAQ:EBIX) SEC Filings
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Ebix (NASDAQ:EBIX) Income Statement, Balance Sheet and Cash Flow Statement
Ebix (NASDAQ EBIX) Stock Chart for Wednesday, May, 23, 2018
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