• Dec. 23, 2016, 8:10 AM
    • Ebix (NASDAQ:EBIX) announces that it acquired Brazilian firm WDev Soluções em Tecnologia S/A through its Latin American subsidiary.
    • The company says it wants to become the largest one-stop insurance software services provider in Brazil, while also offering a wider repertoire of insurance related software services to prospective clients in Latin American markets.
    • Ebix funded the purchase using cash reserves.  The transaction is expected to be immediately accretive.
    • Source: Press Release
    Dec. 23, 2016, 8:10 AM | 1 Comment
  • Nov. 11, 2016, 7:41 AM
    Nov. 11, 2016, 7:41 AM
  • Nov. 9, 2016, 7:31 AM
    • Ebix (NASDAQ:EBIX): Q3 EPS of $0.74 beats by $0.11.
    • Revenue of $74.6M (+11.7% Y/Y) beats by $1.6M.
    • Press Release
    Nov. 9, 2016, 7:31 AM | 1 Comment
  • Nov. 8, 2016, 5:30 PM
  • Nov. 8, 2016, 2:51 PM
    • Ebix (EBIX -0.8%) this summer had initially offered $9.50 per share for Patriot National (NYSE:PN), later enhancing that to a total enterprise value of $475M (which likely would have exceeded that $9.75 valuation).
    • The Patriot board today rejects that $475M proposal, and will continue to evaluate other more attractive offers, and any other opportunities for value creation.
    • PN +14.75% to $6.54.
    Nov. 8, 2016, 2:51 PM | 19 Comments
  • Aug. 15, 2016, 8:05 AM
    Aug. 15, 2016, 8:05 AM
  • Aug. 8, 2016, 7:43 AM
    • Ebix (NASDAQ:EBIX): Q2 EPS of $0.70 beats by $0.07.
    • Revenue of $72.57M (+12.1% Y/Y) beats by $1.37M.
    • Press Release
    Aug. 8, 2016, 7:43 AM | 5 Comments
  • Aug. 7, 2016, 5:30 PM
    Aug. 7, 2016, 5:30 PM | 11 Comments
  • Jun. 20, 2016, 7:32 AM
    • Ebix (NASDAQ:EBIX) announces the expansion of its existing credit facility to $400M from $240M.
    • The company says the boost is to fund its growth and share repurchase initiatives.
    • The $160 million increase in the bank line was the result of many members of the existing bank group expanding their share of the credit facility and the addition of PNC Bank, BMO Harris Bank, KeyBank, HSBC Bank, Cadence Bank and Trustmark National Bank to the Banking Syndicate.
    • The new credit facility includes a 5-year term loan for $125M and a 5-year revolving credit facility for $275M.
    • The company also announced that it now has access to total funds of approximately $250M to fund any of its working capital or any other growth and share repurchase initiatives. This includes the worldwide cash balances in the bank of approximately $70M in addition to available credit line of approximately $180M.
    • Robin Raina, President and CEO, Ebix Inc. said, "We are excited to have the support of eleven leading financial institutions towards funding our future growth initiatives."
    Jun. 20, 2016, 7:32 AM | 7 Comments
  • Jun. 15, 2016, 7:44 AM
    • Ebix (NASDAQ:EBIX) announces that it has sent an offer to the board of Patriot National (NYSE:PN) to acquire the company for $9.50 per share.
    • The Ebix offer represents a 37% premium to Patriot National's closing share price of $6.92 yesterday.
    • In 2015, Patriot National generated total revenues of $209.7M, adjusted EBITDA of $51.5M, and a net loss of $5.4M.
    • Ebix sees the transaction being highly accretive and helping it with international cross-selling opportunities.
    • Ebix intends to pay for at least 55% of the purchase in cash and the balance in cash or stock.
    • PN +30.0% premarket to $9.00.
    Jun. 15, 2016, 7:44 AM | 6 Comments
  • May 23, 2016, 10:05 AM
    • Ebix's (EBIX +1.6%) board has approved a 3:1 split. The split, Ebix's first since 2010, is expected to have a record date around July 15, and to go into effect "on or about" August 1. Shareholders still need to approve an increase in Ebix's authorized shares at a special meeting expected to be held during the last week of July.
    • Shares are slightly above $45, and up 38% YTD.
    May 23, 2016, 10:05 AM | 5 Comments
  • May 12, 2016, 7:31 AM
    • Ebix (NASDAQ:EBIX) declares $0.075/share quarterly dividend, in line with previous.
    • Forward yield 0.64%
    • Payable June 15; for shareholders of record May 31; ex-div May 26.
    May 12, 2016, 7:31 AM
  • May 9, 2016, 10:07 AM
    • Ebix (NASDAQ:EBIX) is up 1.3% following a Q1 earnings report where it grew revenues more than 11% despite foreign exchange headwinds.
    • Operating income was up 21% (to $24.8M) and operating margins increased to 35% from a year-ago 32% as the company focused on cost management.
    • In constant currency, its revenue increased 14% as its biggest channel showed continued strength and sales in its RCS unit grew at a healthy pace.
    • Revenue by channel: Exchanges, $50.1M (up 7%); Risk Compliance Solutions, $16.8M (up 38%); Broker Solutions, $3.2M (down 14%); Carrier Systems, $1M (down 13%).
    • Conference call to come at 11 a.m. ET.
    May 9, 2016, 10:07 AM | 7 Comments
  • May 9, 2016, 8:00 AM
    • Ebix (NASDAQ:EBIX): Q1 EPS of $0.67 beats by $0.09.
    • Revenue of $71.1M (+11.5% Y/Y) beats by $1.75M.
    May 9, 2016, 8:00 AM | 4 Comments
  • May 8, 2016, 5:30 PM
    May 8, 2016, 5:30 PM | 15 Comments
  • Apr. 15, 2016, 12:41 PM
    Apr. 15, 2016, 12:41 PM