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Last $27.32 USD
Change Today -0.39 / -1.41%
Volume 237.7K
EBIX On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

ebix inc (EBIX) Snapshot

Open
$27.55
Previous Close
$27.71
Day High
$28.05
Day Low
$27.03
52 Week High
03/19/15 - $31.55
52 Week Low
07/30/14 - $12.12
Market Cap
963.4M
Average Volume 10 Days
301.8K
EPS TTM
$1.68
Shares Outstanding
35.3M
EX-Date
02/25/15
P/E TM
16.2x
Dividend
$0.30
Dividend Yield
1.10%
Current Stock Chart for EBIX INC (EBIX)

ebix inc (EBIX) Related Businessweek News

No Related Businessweek News Found

ebix inc (EBIX) Details

Ebix, Inc. provides software and e-commerce solutions to the insurance industry. The company operates data exchanges, which connect various entities within the insurance markets and enables the participant to carry and process data from one end to another in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. It also focuses in the area of broker systems on designing and deploying back-end systems consisting of eGlobal for multinational P&C insurance brokers; WinBeat for 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, which include domain intensive project management, and time and material consulting engagements, as well as risk compliance solution services, such as insurance certificate origination, certificate tracking, claims adjudication call center, and back office support. Further, it provides carrier systems, such as Ebix Advantage and Ebix Advantageweb targeted at small, medium, and large P&C carriers in the United States and internationally that operate in the personal, commercial, and specialty line areas of insurance. Additionally, Ebix, Inc. offers software development, customization, and consulting services to various companies in the insurance industry, such as carriers, brokers, exchanges, and standard making bodies. 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 Atlanta, Georgia.

2,343 Employees
Last Reported Date: 03/16/15
Founded in 1976

ebix inc (EBIX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $3.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $311.5K
Senior Vice President of EbixHealth
Total Annual Compensation: $216.3K
Corporate Executive Vice President and Managi...
Total Annual Compensation: $183.5K
Corporate Executive Vice President of Interna...
Total Annual Compensation: $164.7K
Compensation as of Fiscal Year 2014.

ebix inc (EBIX) Key Developments

Ebix Inc. Announces Board Changes

Ebix Inc. announced that George (Geordie) W. Hebard III, Managing Director of Barington Capital Group, L.P., has been appointed to the company's Board of Directors. Mr. Hebard is replacing James A. Mitarotonda, Chairman and Chief Executive Officer of Barington Capital Group, L.P., who will be leaving the Ebix Board to devote his own time on other companies that need his focused attention. As a part of an amendment to the prior agreement reached with Barington Capital Group, L.P., Barington has agreed to an extension of certain standstill provisions through the annual meeting of stockholders of the company to be held in 2018. George W. Hebard III is a Managing Director of Barington Capital Group, L.P. Mr. Hebard served as Principal Executive Officer and Chief Operating Officer of Enzon Pharmaceuticals Inc. from May 2012 to December 2013, and has continued in that role as a consultant since January 2014. Mr. Hebard is a director of North Atlantic Holding Company.

Ebix Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Ebix Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total revenue was $60.6 million, an increase of 19% on a year-over-year basis, as compared to fourth quarter of 2013 revenue of $50.8 million and an increase of $9.8 million over third quarter of 2014 revenues of $50.8 million. Diluted earnings per share increased 14% year-over-year to $0.45, as compared to $0.40 in the fourth quarter of 2013. Net income was $16.5 million, a 9% increase on a year-over-year basis, as compared to fourth quarter of 2013 net income of $15.2 million. Operating income was $21.068 million compared to $17.806 million a year ago. Income before income taxes was $18.894 million compared to $19.372 million a year ago. For the full fiscal year of 2014, the company reported revenue of $214.3 million, an increase of 5% from the prior year revenue of $204.7 million. On a year-over-year basis, the company full year 2014 revenue was affected negatively by approximately $3.2 million due to the strengthening of the US dollar as against the currencies in certain of the foreign jurisdictions in which the Company conducts operations. Diluted earnings per share increased 9% year-over-year to $1.67 from $1.53 in 2013. During fiscal year 2014, net income increased $4.3 million or 7%, to $63.6 million compared to $59.3 million during 2013. Operating income was $79.672 million compared to $75.006 million a year ago. Income before income taxes was $77.452 million compared to $70.152 million a year ago. Net cash provided by operating activities was $58.510 million compared to $57.062 million a year ago. Capital expenditures were $16.277 million compared to $1.230 million a year ago. At year-end 2014, the company's net debt position stood at $69.7 million.

Ebix Inc. Announces Quarterly Dividend, Payable on March 16, 2015

Ebix Inc. will pay its next quarterly dividend of $0.78 a share on March 16, 2015, to common shareholders of record as of February 27, 2015.

 

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Industry Analysis

EBIX

Industry Average

Valuation EBIX Industry Range
Price/Earnings 16.6x
Price/Sales 4.7x
Price/Book 2.3x
Price/Cash Flow 13.3x
TEV/Sales 3.7x
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