Ebix, Inc., together with its subsidiaries, provides on-demand software and e-commerce services and solutions to insurance, financial, healthcare, and e-learning industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides Software-as-a-Service (SaaS) enterprise solutions in the area of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions. The company operates P&C exchanges primarily in Australia, New Zealand, the United Kingdom, and the United States, which facilitates the exchange of insurance data between brokers and insurance carriers with a focus on the areas of personal and commercial lines. Its exchange related products and services include travel exchanges and money transfer services; foreign exchange and outward remittance services; payment services; gift cards for consumers that can be redeemed at various merchants; and technology services for various providers in the areas of lending, wealth and asset management, and travel. The company's insurance exchanges related products and services include SaaS platform and related services; licensing of software; and professional services comprising setting up, customization, training, or consulting. Its risk compliance services cover and certificates of insurance creation and tracking; consulting services comprising project management and development; and business process outsourcing services, including domain intensive project management, system consulting services, and claims adjudication/settlement services. 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.
IPO Year:
Exchange: NASDAQ
Website: ebix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | $5.00 | Buy → Hold | Craig Hallum |
Craig Hallum downgraded Ebix from Buy to Hold and set a new price target of $5.00
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NEW YORK, Sept. 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices: Veralto Corp. (NYSE:VLTO) will be added to the S&P 500 effective prior to the open of trading on Monday, October 2, replacing DXC Technology Co. (NYSE:DXC) which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3. DXC Technologies will replace Ebix Inc. (NASD: EBIX) in the S&P SmallCap 600 also effective prior to the open of trading on October 3. S&P 500 &100 constituent Danaher Corp. (NYSE:DHR) is spinning off Veralto in a transaction expected to be completed on October 2. Followin
NOIDA, India, July 21, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, today announced the appointment of Jammu & Kashmir Bank's entire network spanning 1,000 branches as a sub-agent, to facilitate international remittance services for its Ria Money transfer business. The Money Transfer functionality will be going live on 15th of August, 2022 coinciding with India's 75th Independence Day celebrations on that day Euronet Worldwide, Inc.'s Ria Money Transfer is the second largest consumer remittance company in the world today. EbixCash - a subsidiary of Ebix, Inc. (NASDAQ:EBIX) is a l
MUMBAI, India and JOHNS CREEK, Ga., May 04, 2022 (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited (BSE Ebix), a joint venture of BSE and Ebix Singapore Pte Ltd., announced today that Sachin Seth has been appointed as CEO and MD of BSE Ebix. An upcoming InsurTech player – BSE Ebix is focused on distribution of insurance products through an unrivalled ‘Phygital' pan India reach, by combining the physical presence of tens of thousands of PoSPs with an omnichannel digital channel. Sachin Seth joins BSE Ebix from Ernst & Young LLP (EY) where as a Partner, he was instrumental in setting up and growing the Digital and Fintech Practice for EY's Financial Services Division since 2016
NOIDA, India and JOHNS CREEK, Ga., Jan. 10, 2022 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a 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 the appointment of Ms. Uma Shankar, as a new independent director to the EbixCash Board. Uma is a career banker, having retired as Executive Director at Reserve Bank of India (RBI), after serving RBI for 37 years. Uma is well versed in financial regulation, cyber security and data analytics. She has served as the Co- Chair of the committees relating to Financial Regulation and as a member of the
NOIDA, India and JOHNS CREEK, Ga., Aug. 03, 2021 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a 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 the appointment of Mr. Sunil Srivastav, as a new independent director to the EbixCash Board. Sunil is a career banker, having retired as Deputy Managing Director of the Corporate Accounts Group at India's largest bank - State Bank of India (SBI), after serving the bank for 38 years. Sunil brings a vast repertoire of experience across the international banking sector having spent a major part of
NOIDA, India and JOHNS CREEK, Ga., June 07, 2021 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a 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 the appointment of Mr. S Ravi, as a new independent director to the EbixCash Board. Ravi brings a vast repertoire of experience across banks, financial institutions, insurance companies, tourism industry, stock exchanges and asset management areas - having held Board positions in eminent organizations across these sectors. Ravi is presently serving as the Chairman and Director of Tourism Financ
NOIDA, India and JOHNS CREEK, Ga., June 01, 2021 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a 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 the appointment of Mr. SP Kothari, as a new independent director to the EbixCash Board. Professor Kothari has senior executive experience in government, academia, and industry with expertise in strategic and policy issues, securities regulation, auditing, and corporate governance. S.P. Kothari is Gordon Y Billard Professor of Accounting and Finance at MIT's Sloan School of Management. Most recent
JOHNS CREEK, Ga., May 03, 2021 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced the appointment of Ms. Priyanka Kaul as a new independent director to the Ebix Board. In a career spanning 22 years, Priyanka has held various leadership positions including being the CEO of Forbes India and Division President of Network 18 Group (CNBC TV 19 and CNN TV18). She has also been the Chief Marketing and Revenue Officer at one of India's leading media groups - NDTV. An environmentalist to the core, she has pioneered and conceptualize
Zinnia Corporate Holdings ("Zinnia" or "the Company"), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. ("Ebix"), a supplier of software solutions, today announced that Zinnia's acquisition of Ebix's North American Life and Annuity Assets (the "L&A Assets") has closed. The deal further positions Zinnia as a partner of choice in the life and annuity industry and expands its offerings with insurance focused CRM & agency management, market-leading research, quoting, illustration, order entry tools, and a comprehensive underwriting platform, which will simplify experiences for advisors and their clients. Zinnia will be welcomin
Company Continues to Have Robust Worldwide Operations and Strong FundamentalsSecures New Financing to Support Restructuring ProcessProposed Transaction Provides Ongoing Stability for the Insurance Industry, Ensuring Continued World Class Delivery for ClientsJOHNS CREEK, Ga., Dec. 18, 2023 /PRNewswire/ -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries, announced today that it has reached a "stalking horse" agreement to sell its North American Life and Annuity assets (the "NA L&A Assets") to Zinnia, an Eldridge business and leading life insurance and an
JOHNS CREEK, Ga., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended September 30, 2023: Q3 2023 GAAP Revenues of $119.2 million, with 1.1% Year-over-Year decline vs. Q3 2022 Non-GAAP Revenues of $120.5 million (with all revenues normalized on a net basis). On a GAAP basis, Q3 2022 revenues were $257.9 million (with pre-paid card revenues on a gross basis in Q3 2022).Constant currency GAAP Revenues of $121.8 million in Q3 2023 increased 0.8% Year-over-Year as c
JOHNS CREEK, Ga., Oct. 02, 2023 (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, announced that it has signed an agreement with its Lenders, providing for a further period until November 15, 2023 for repayment of certain obligations under its Credit Facility, subject to certain conditions, while the Company pursues strategic alternatives. The Agreement mandates that by October 31, 2023 the Company and the requisite Lenders will agree on the terms of either a further amendment to the Credit Agreement or an alternative transaction for repayment of t
NEW YORK, Sept. 28, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600 indices: Veralto Corp. (NYSE:VLTO) will be added to the S&P 500 effective prior to the open of trading on Monday, October 2, replacing DXC Technology Co. (NYSE:DXC) which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3. DXC Technologies will replace Ebix Inc. (NASD: EBIX) in the S&P SmallCap 600 also effective prior to the open of trading on October 3. S&P 500 &100 constituent Danaher Corp. (NYSE:DHR) is spinning off Veralto in a transaction expected to be completed on October 2. Followin
JOHNS CREEK, Ga., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended June 30, 2023: Q2 2023 Revenues of $118.4 million, with 3.1% Year-over-Year growth vs. Q2 2022 Non-GAAP Revenues of $114.9 million (with all revenues normalized on a net basis). On a GAAP basis, Q2 2022 revenues were $242.7 million (with pre-paid card revenues on a gross basis in Q2 2022).Constant currency Revenues of $123.3 million in Q2 2023 increased 7.2% Year-over-Year as compared to $114.
JOHNS CREEK, Ga., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that it will release second quarter 2023 results before the market's opening on August 9, 2023 but will not host an investor call that day in view of disclosure requirements in our international jurisdictions. The company anticipates this change to be temporary and intends to resume holding its earnings calls as earlier, in the future. Ebix will also file its second quarter Form 10-Q on August 9, 2023. About Ebix, Inc. With approximate
JOHNS CREEK, Ga., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2023 second quarter results on Wednesday, August 9, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public. Conference Call, Webcast and Replay Details: Call Date/Time:August 9, 2023 at 11:00 a.m. ET US & Canada Toll Free:+1 (800) 715-9871 Call ID:# 3794878 Audio Webcast:https://edge.media-server.com/mmc/p/74j
JOHNS CREEK, Ga., July 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 14, 2023. Ebix clarified that the term "restated" financial information refers to Consolidated Financial Information to be presented in Offer Documents, inter alia, for Public Issues in terms of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements Regulations), 2018, as amended and is being done solely in relation to the EbixCash IPO. It is done in a manner to ensure consistency of presentation, disclosures and the accounting policies for al
JOHNS CREEK, Ga., July 14, 2023 (GLOBE NEWSWIRE) -- Updated Release with a few clarifications - Ebix, Inc. (NASDAQ:EBIX), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 6th, 2023. A. The Company reminded investors that the term investment advisory in the July 6th 2023 release should not be construed as "Investment Advice" and should be read only as a simplified disclosure pertaining to relevant matters. B. Updates and Clarifications with respect to the EbixCash IPO: The draft red herring prospectus (DRHP) for our subsidiary, EbixCash Limited ("EbixCash"), dated March 9, 2022, contained financial
JOHNS CREEK, Ga., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2023 second quarter results on Wednesday, August 9, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public. Conference Call, Webcast and Replay Details: Call Date/Time:August 9, 2023 at 11:00 a.m. ET US & Canada Toll Free:+1 (800) 715-9871 Call ID:# 3794878 Audio Webcast:https://edge.media-server.com/mmc/p/74j
JOHNS CREEK, Ga., May 10, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended March 31, 2023: Revenues including pre-paid cards declined 4.9% year-over-year(YOY) while Revenues excluding pre-paid cards grew 17.6% YOY.Revenues including pre-paid cards in Q1 2023 were at $242.8 million vs. Q4 2022 Revenues of $255.2 million, on account of lower pre-paid card sales and the traditional Continuing Medical Education business decrease in Q1 after the preceding Q4 upsurge.GAAP o
JOHNS CREEK, Ga., May 04, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2023 first quarter results on Wednesday, May 10, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public. Conference Call, Webcast and Replay Details: Call Date/Time:May 10, 2023 at 11:00 a.m. ET US & Canada Toll Free:+1 (800) 715-9871 Call ID:# 9302301 Audio Webcast:https://edge.media-server.com/mmc/p/twsgdd
JOHNS CREEK, Ga., March 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended December 31, 2022 and the full year results for 2022: Revenues of $255.2 million and $1.05 billion for Q4 2022 and fiscal year 20222022 GAAP operating income of $120.3 million and Non-GAAP operating income of $137.3 millionGAAP Diluted EPS of $2.10 for fiscal year 2022 and Non-GAAP diluted EPS of $2.58 for fiscal year 2022.Operating cash of $32.5 million in Q4 2022 and $77.6 million in fiscal
JOHNS CREEK, Ga., March 07, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2022 fourth quarter and full year results on Wednesday, March 15, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public. Conference Call, Webcast and Replay Details: Call Date/Time:March 15, 2023 at 11:00 a.m. ET US & Canada Toll Free:+1 (800) 715-9871 Call ID:# 2396483 Audio Webcast:https://edge.media-se
JOHNS CREEK, Ga., Nov. 23, 2022 (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 16, 2022 to shareholders of record at the close of business on December 5, 2022. About Ebix, Inc. With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ:EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries
JOHNS CREEK, Ga., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended September 30, 2022: Revenues of $257.9 millionGAAP operating income of $30.4 million and Non-GAAP operating income of $33.6 millionGAAP Diluted EPS of $0.59 and Non-GAAP diluted EPS of $0.70. Ebix will host a conference call to review its results today at 11:00 a.m. EDT (details below). Robin Raina, President & CEO, Ebix Inc. said, "On a
JOHNS CREEK, Ga., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2022 third quarter results on Wednesday, November 9, 2022, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public. Conference Call, Webcast and Replay Details: Call Date/Time:November 9, 2022 at 11:00 a.m. ET US & Canada Toll Free:+1 (800) 715-9871 Call ID:# 1635556 Audio Webcast: https://edge.media-server.com/mmc/p
JOHNS CREEK, Ga., Oct. 21, 2022 (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 provided an update on the state of its business while reaffirming a strong business outlook for the future. Strategic Investment Committee – The Company announced that it has received inbound interest from several reputed strategic and institutional international players, for substantial investments in Ebix or/and its subsidiaries. Accordingly, the independent Board's Strategic Investment Committee will be evaluating any such offers, in consulta
JOHNS CREEK, Ga., Aug. 19, 2022 (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 September 15, 2022 to shareholders of record at the close of business on September 1, 2022. About Ebix, Inc. With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ:EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning indu