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Ebix, Inc. (EBIX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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32.51-1.49 (-4.40%)
As of 10:16AM EST. Market open.
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Previous Close34.01
Open35.12
Bid32.52 x 900
Ask32.77 x 800
Day's Range32.09 - 35.20
52 Week Range8.75 - 39.03
Volume119,361
Avg. Volume305,065
Market Cap1.007B
Beta (5Y Monthly)2.14
PE Ratio (TTM)10.56
EPS (TTM)3.08
Earnings DateNov 09, 2020
Forward Dividend & Yield0.30 (0.85%)
Ex-Dividend DateNov 30, 2020
1y Target Est52.67
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Ebix and Data Glove Technologies Sign Strategic Outsourcing and Joint Venture Agreement to Offer Cloud and Infrastructure Support Services to the Insurance, Banking and Healthcare Industries
    GlobeNewswire

    Ebix and Data Glove Technologies Sign Strategic Outsourcing and Joint Venture Agreement to Offer Cloud and Infrastructure Support Services to the Insurance, Banking and Healthcare Industries

    JOHNS CREEK, Ga., Nov. 30, 2020 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced a strategic agreement with Data Glove Technologies, a New Jersey based firm specializing in Infrastructure, Managed Services and Cloud Services. The agreement entails various facets including outsourcing of certain back office functions and strategic joint ventures (JV) to provide cloud and infrastructure support services to the Insurance, Banking and Healthcare marketplace. The Companies announced the setting up of two joint ventures in the US and India to target the cloud and infrastructure support areas in the BFSI industry in both geographies. The JV in the US will target the US and Candian markets while another JV set up in India will service the Asia Pacific, Africa, Europe and ASEAN Regions. The joint ventures will focus on providing Infrastrucuture Assessment including Cloud Readiness, Cloud Migration, Development Services (Dev Ops), and Maintenance Services for both Public and Private Cloud solutions.Robin Raina, Chairman, CEO, and President of Ebix said, “The combination of Ebix and Data Glove in the field of cloud computing and infrastructure support is compelling. Data Glove’s deep and proven expertise in the Cloud space, combined with Ebix’s footprint of software products in the insurance and financial industries provides us with a unique combination that none of the other cloud and infrastructure support companies have. This initiative aligns well with our desire to continue to invest in our core insurance businesses in North America. I expect $10+million of revenues, from this arrangement in 2021.”Rahul Bajaj, EVP, Global Revenue & New Growth Initiatives, Data Glove said “We are very excited about this win-win partnership with Ebix. Data Glove has been growing organically at 30%+levels annually. In Ebix, we found a Company who has made deep inroads in the insurance and financial industries, while powering billions of dollars of domain rich on-demand transactions annually.”Rajiv Korpal, EVP, Global Sales and Services, Data Glove said “This JV will have a simple goal: to provide transformative solutions that deliver exceptional outcomes. The combined blend of industry domain expertise and cloud & infrastructure support expertise positions us together as a powerful force, to win large strategic deals in these industries.”Ash Sawhney, President, Insurance Solutions North America said, “This is a significant addition to our repertoire of offerings in North America, and a very timely one. Establishing a Cloud strategy and developing a roadmap is a key priority for most of our clients, which include hundreds of top tier insurance companies, healthcare companies, banks, and large distributors. The insurance and financial industries continue to be supported by legacy backoffice systems which are hard and expensive to maintain. Our goal is to create a roadmap to migrate those legacy applications to the Cloud thereby bringing enormous efficiencies and cost savings to our customers.”About Ebix, Inc.With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also providing Software-as-a-Service ("SaaS") enterprise solutions globally in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services.With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in the areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, and lending, wealth and asset management solutions and services in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business, with operations in 32 international airports, including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata. These Forex operations conduct over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approximately $5 billion gross in annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges, with over 2,200+ employees, a 212,450+ agent network, 25 branches and over 9,800 corporate clients. The EbixCash travel business processes an estimated $2.5 billion in gross merchandise value per year. EbixCash’s technology services Division has emerged as a leader in the areas of lending technology, asset & wealth management technology, and travel technology in India and has grown its international expanse to Europe, Middle East, Africa and other ASEAN countries.Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.comAbout Data Glove Inc.With a staff of 600+ employees across 9 international locations, Data Glove is a leading, fast growing global provider of Business Transformation Services with a focus across four core services: Digital Transformation, Workplace Transformation, Application Transformation and Intelligent Automation. The Company’s focus is on delivering industry-specific services across banking, financial services & insurance, retail, public sector hospitality and telecom to support growth and continuous digital transformation journeys.Data Glove empowers BFSI clients to grow revenue, improve customer engagement, manage risk and streamline processes for efficiency, while remaining competitive and innovative. For more information, visit the Company’s website at www.dataglove.comCONTACT:Darren Joseph 678-281-2027 or IR@ebix.comDavid Collins or Chris Eddy Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

  • EbixCash Acquires AssureEdge Global Services to Strengthen Back Office Offerings to Clients
    GlobeNewswire

    EbixCash Acquires AssureEdge Global Services to Strengthen Back Office Offerings to Clients

    NOIDA, India and JOHNS CREEK, Ga., Nov. 23, 2020 (GLOBE NEWSWIRE) -- EbixCash, a fully-owned subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has acquired a 70 percent stake in a 1,800 person, pan-India based BPO company AssureEdge Global Services. AssureEdge is today recognized as the first independent customer retention and customer response organization in India, with a vareiety of BPO offerings via six contact centers across the country. AssureEdge serves a number of industries and clients that have cross-selling value for EbixCash services. AssureEdge focuses on top priority areas like sales, fulfillment and customer retention for its clients. The Company today services 34+ large corporate clients, including some very well known names in the BFSI, telecom, entertainment and ecommerce sectors. For more information, visit the Company’s website at https://www.assureedgeglobal.comBased on client commitments, AssureEdge is presently committed to growing its employee strength to 2,500 by the end of March 2021. The Company presently has a strong focus on growing its Human Resource Outsouring (HRO) and Last Mile Delivery (LMD) verticals, and is targeting 35% to 50% organic growth in the year 2021. AssureEdge presently generates approximately 30% EBITDA margins.AssureEdge CEO and Founder Bhupesh Tambe will continue to lead the Company with a 30 percent stake in the venture. A proven leader with global experience of over 30 years and specializing in rapid growth and turnaround opportunities, Bhupesh will be immediately focusing his energies on AssureEdge integration into EbixCash, the immediate growth opportunities and the synergies offered by the integration. As a part of empowering AssureEdge, the Company will be rebranded as EbixCash Global BPO services.Robin Raina, Chairman of the Board, President & CEO, Ebix, said: “AssureEdge can serve to handle fulfillment, collections and last mile delivery for EbixCash, as we converge it with our EbixCash financial and insurance technology platforms. We see AssureEdge serving our pre-sales and post-sales support for the BSE Ebix insurance platform, besides helping us provide an end-to-end fulfillment solution to banks on our lending, wealth management, asset management and credit card processing solutions for banks and financial institutions.”About EbixCash and Ebix, Inc.With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $6.5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. For more information, visit the Company’s website at www.ebixcash.comWith 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world. For more information, visit the Company’s website at www.ebix.comContact details:Darren JosephIR@ebix.com or 678 281 2027David Collins or Chris EddyCatalyst Global - 212-924-9800 or ebix@catalyst-ir.com

  • Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 15, 2020, to Shareholders of Record December 1, 2020
    GlobeNewswire

    Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 15, 2020, to Shareholders of Record December 1, 2020

    JOHNS CREEK, Ga., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable December 15, 2020 to shareholders of record at the close of business on December 1, 2020. About Ebix, Inc.With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.With a "Phygital” strategy that combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $6.5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. For more information, visit the Company’s website at www.ebix.com.CONTACT:Darren Joseph or Gautam Sharma 678 -281-2027 or IR@ebix.comDavid Collins or Chris Eddy Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com