EBIX - Ebix, Inc.
| Previous Close | 50.76 |
| Open | 50.32 |
| Bid | 39.42 x 1000 |
| Ask | 49.00 x 800 |
| Day's Range | 47.89 - 50.33 |
| 52 Week Range | 39.27 - 89.10 |
| Volume | 406,306 |
| Avg. Volume | 358,708 |
| Market Cap | 1.464B |
| Beta (3Y Monthly) | 2.05 |
| PE Ratio (TTM) | 16.24 |
| EPS (TTM) | 2.95 |
| Earnings Date | May 7, 2019 - May 13, 2019 |
| Forward Dividend & Yield | 0.30 (0.59%) |
| Ex-Dividend Date | 2019-02-27 |
| 1y Target Est | 95.00 |
- Business Wire•3 days ago
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Ebix, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ebix, Inc. (“Ebix” or “the Company”) (NASDAQ: EBIX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
- Skift•3 days ago
Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million
Ebix, a seller of software to insurance companies for four decades, has recently been expanding its presence in the travel sector, particularly in India. Yatra — a corporate travel services provider and India’s second largest online travel agency after MakeMyTrip Group — said Tuesday it had begun doing due diligence to consider an offer from […] The post Why Ebix Wants to Buy India’s Corporate Travel Player Yatra for $336 Million appeared first on Skift.
- InvestorPlace•3 days ago
EBIX Stock Is Risky at Best but Still Worth a Good Hard Look
Insurance data company Ebix (NASDAQ:EBIX) has been evolving and increasingly, Ebix stock has started a slow march up. It's a pleasant surprise as I first ran into this company almost a decade ago, when I was still at ZDNet.At the time they were buying a health care information company called A.D.A.M., for $66 million. I recently found my story on the Ebix Web site.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, Ebix has ridden a lot of ups and downs. The stock traded as low as $9.26 per share in 2012. But it found its footing and rose to as much as $83 per share last year. It opens for trade March 12 at about $51.30 per share.Ebix is worth looking at again because it's no longer the company it was. It's a broader company, with interests in insurance as well as health care. It is also much more focused on India, which is where CEO Robin Raina hails from.That's the real story. * Top 7 Service Sector Stocks That Will Pay You to Own Them Payment Innovation and Ebix StockTransaction processing has long been an American lake, dominated by Visa (NYSE:V), MasterCard (NYSE:MA), and their networks of processing partners, many of which have operations in Atlanta, where Ebix is based in the suburban town of John's Creek.But India's government recently pushed through a powerful transaction processing innovation, a Unified Payments Interface that has made India the innovation center of the global payments industry.Not only did India create a low-cost payment infrastructure, it also pushed people to use it, banning high-denomination bills to fight tax evasion and pushing commerce into the new system.The rise of low-cost digital payments has boosted Alibaba Group Holding (NASDAQ:BABA), Tencent Holding (OTCMKTS:TCEHY) and even American companies like Alphabet (NASDAQ:GOOGL) and Facebook (NASDAQ:FB), all of which have taken advantage of the new infrastructure, at the expense of banks and traditional processors.This is what Ebix is tapping into. India Moves and Ebix StockEbix' market cap is barely $1.5 billion, but U.S. dollars go a long way in India.The company has made 11 deals in India in just 14 months, all in various areas of ecommerce infrastructure. The purchases cost about $500 million. Raina wants to invest another $500 million this year, and take what had been the remittance system ItzCash, now renamed EbixCash, public.Raina's latest deal, announced March 11, is a proposal to buy Yatra Online (NASDAQ:YTRA), the ticketing firm behind Yatra.com, an Indian rival to Expedia (NASDAQ:EXPE) or Booking Holdings (NASDAQ:BKNG).The company had already bought 80% of Zillious, another online travel booker. The plan is to make Yatra part of EbixCash, then take the whole thing public.On March 1, Ebix announced its revenue for 2018 was up 37% to $497.8 million and a few days later it announced plans to be at a run rate of $750 million by the end of this year. The country's footprint in India is large enough for it to sponsor one of the country's leading business conferences and host the country's Prime Minister, Narendra Modi. The Bottom Line on Ebix StockIndia is one of the world's fastest growing economies, and electronic transactions, thanks to government help, are one of the fastest-growing parts of that economy.Ebix has transformed itself, in barely a year, from a small American company focused on health payments into a real competitor inside this enormous opportunity.It has taken real risks to do this, with long-term debt of $274 million and a revolving line of credit worth another $424 million. Its operating cash flow, $89.8 million last year, can hardly keep up.Ebix is all-in on India and has made itself a speculative stock in the process. But speculating on Ebix stock is worthwhile, and if you want that kind of international exposure, here it is.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post EBIX Stock Is Risky at Best but Still Worth a Good Hard Look appeared first on InvestorPlace.
- GlobeNewswire•4 days ago
Riding on Strong Sales Momentum and its Proven Acquisition Strategy, EbixCash India Operations Target $600 Million in Quarterly Annualized Revenue by Q4 2019
Ebix, Inc. (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 officially engaged with Yatra Online, Inc. to commence its due diligence immediately, with the goal of working towards signing the agreement to acquire Yatra Online latest by 15th May 2019. Ebix intends to merge Yatra Online in its Indian EbixCash subsidiary set up.
- Reuters•12 days ago
Software firm Ebix offers to buy India's ticketing firm Yatra
The offer price of $7 per share represents a premium of 84 percent to Yatra's Friday close. Yatra shares rose 15 percent after the news, while Ebix shares were up marginally on Monday. Atlanta-based Ebix, which makes software for the insurance, financial, healthcare industries, said it intends to merge Yatra Online in its Indian EbixCash subsidiary set up.
- GlobeNewswire•12 days ago
Ebix Offers to Acquire India’s Largest Corporate Travel Exchange, Yatra Online, Inc.
Ebix, Inc. (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 sent a letter to the Board of Yatra Online, Inc. (YTRA), outlining its offer to acquire 100% of the outstanding stock of Yatra Online for $7 per share on a debt-free basis. Yatra Online, Inc is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services provider with over 800 Corporate customers and one of India's leading online travel companies and operates the website Yatra.com.
- GlobeNewswire•16 days ago
Recent Analysis Shows Invitae, Check Point Software Technologies, Ebix, CenturyLink, Republic Services, and Costamare Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, March 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- Thomson Reuters StreetEvents•17 days ago
Edited Transcript of EBIX earnings conference call or presentation 1-Mar-19 4:00pm GMT
Q4 2018 Ebix Inc Earnings Call
- Markit•18 days ago
See what the IHS Markit Score report has to say about Ebix Inc.
Ebix Inc NASDAQ/NGS:EBIXView full report here! Summary * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is extremely high for EBIX with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting EBIX. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold EBIX had net inflows of $998 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- GlobeNewswire•18 days ago
Ebix Announces Aspirational Quarterly Annualized Revenue Goal of Three Quarters of a Billion by Q4 2019
Ebix, Inc. (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 is targeting an aspirational revenue goal of $750 million Quarterly Annualized Revenue by Q4 of 2019. Worldwide Revenue Aspirational Goal - In previous quarters, Ebix had set up an aspirational goal of $650 million quarterly annualized revenue by Q4 2019. The Company now has decided to raise that aspirational goal to $750 million quarterly annualized revenue by Q4 2019, implying that Ebix aspires to report $187.5 million or more in worldwide revenues for the fourth quarter of 2019.
- Simply Wall St.•19 days ago
Interested In Ebix, Inc. (NASDAQ:EBIX)? Here’s How It Performed Recently
When Ebix, Inc. (NASDAQ:EBIX) released its most recent earnings update (31 December 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks IRead More...
- GlobeNewswire•22 days ago
Ebix Reports 2018 Revenue Rose 37% to a Record $497.8M, With Full Year Operating Income Rising 35% to a Record $153M
Q4 2018 Revenue Rose 30% to $136.3MQ4 2018 Operating Income Rose 26% to $41.5 MNon-GAAP Q4 EPS of $1.06 Before Effect of One-time Transition Tax JOHNS CREEK, Ga., March 01,.
- GlobeNewswire•25 days ago
Glancy Prongay & Murray LLP Announces Investigation on Behalf of Ebix, Inc. Investors (EBIX)
LOS ANGELES, Feb. 26, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Ebix, Inc. (“Ebix” or the “Company”) (NASDAQ: EBIX) investors.
- GlobeNewswire•29 days ago
Ebix Hosts Q4 Investor Call Friday, March 1st at 11:00 a.m. ET
JOHNS CREEK, Ga., Feb. 22, 2019 -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial,.
- GlobeNewswire•last month
Indian Prime Minister Narendra Modi to Deliver Keynote Speech on Feb. 25th & 26th in New Delhi, at one of India’s Biggest Leadership Events – “Ebix Presents News18 India Rising Summit 2019”
JOHNS CREEK, Ga., Feb. 21, 2019 -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial,.
- GlobeNewswire•last month
Detailed Research: Economic Perspectives on Exxon Mobil, Loxo Oncology, Fluidigm, LHC Group, Ebix, and Omega Flex — What Drives Growth in Today's Competitive Landscape
NEW YORK, Feb. 19, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- GlobeNewswire•last month
Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 15, to Shareholders of Record February 28, 2019
JOHNS CREEK, Ga., Feb. 14, 2019 -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial,.
- GlobeNewswire•last month
Ebix Acquires India’s Leading Non-Aligned Travel Technology Provider Zillious
Ebix, Inc. (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 one of its subsidiaries in India has acquired an 80% controlling stake in India based Zillious Solutions Private Limited. Zillious is an on-demand SaaS travel technology solution, with market leadership in the corporate travel segment in India. Ebix is funding the transaction in cash, using its internal cash reserves.
- Simply Wall St.•last month
Should You Be Excited About Ebix, Inc.’s (NASDAQ:EBIX) 21% Return On Equity?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we canRead More...
- GlobeNewswire•last month
EbixCash Completes Acquisition of 75% Shares of Weizmann Forex Limited (BSE:WEIZFOREX)
Ebix, Inc. (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 EbixCash World Money Limited subsidiary in India has completed the acquisition of 74.84% controlling stake in India based Weizmann Forex Limited (WEIZFOREX.BO). EbixCash has also made a 90-day time bound public offer to acquire the remaining 25.16% publicly-held Weizmann Forex shares for INR 528 ($7.54) per share, in adherence to SEBI rules, or approximately $21.12 million to public shareholders. The purchase valued 100% of Weizmann Forex at $65.94 million, net of $17.51 million of cash remaining in the business.
- Insider Monkey•last month
Barington Capital Group’s Return, AUM and Holdings
Barington Capital Group LP is an activist hedge fund based in New York City. It was launched in 2000 by James Anthony Mitarotonda. The firm mainly invests in undervalued small and mid-capitalization companies in the United States. Its founder and Chief Executive Officer, James A. Mitarotonda is a highly respected and experienced activist financier. He […]
