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Ebix Inc (EBIX)

  • Mon, Aug. 24, 4:29 PM
    • The Nasdaq opened down 7.5%, furiously rallied almost to breakeven, and then sold off again in the afternoon to close down 3.8%. Some tech stocks managed to rise nonetheless, while many others posted 5%+ declines.
    • Major decliners included Citrix (CTXS -9.3%), Solera (SLH -8.9%), NCR (NCR -7.8%), Nuance (NUAN -6.9%), Infinera (INFN -6.4%), HomeAway (AWAY -6.6%), MagnaChip (MX -6.4%), Yandex (YNDX -7.5%), Neustar (NSR -6%), Ebix (EBIX -7.3%), SGI (SGI -8%), Monster (MWW -7.5%), Silver Spring (SSNI -6.6%), Perion (PERI -11%), and Synchronoss (SNCR -7.5%).
    • Solera's decline comes 4 days after the company confirmed it's exploring strategic alternatives, and 5 days after Bloomberg reported a sale is being explored. Yandex has been hit hard in recent weeks by the ruble and crude oil's decline. Infinera is down 20% over the last 3 trading days, albeit still up 34% YTD.
    • See also: Morning decliners, Chinese tech stocks, large-cap decliners
    | Mon, Aug. 24, 4:29 PM | 1 Comment
  • Fri, Aug. 21, 7:35 AM
    | Fri, Aug. 21, 7:35 AM | 2 Comments
  • Wed, Aug. 19, 9:24 AM
    • EBIX's new buyback comes on top of a prior $100M program (launched last year) that has $10M remaining. The company's total repurchase authorization of $110M is good for buying back 11% of shares at current levels. (PR)
    • The insurance/healthcare software and services firm had $28.4M in cash to pay for buybacks with at the end of Q2, along with $89.5M in potential credit line capacity. It suggested in its Q2 report a new $100M authorization would arrive.
    | Wed, Aug. 19, 9:24 AM | 6 Comments
  • Fri, Aug. 7, 9:54 AM
    • After rising 255% Y/Y in Q1, EBIX's Risk Compliance Solutions (RCS) revenue rose 264% in Q2 to $13.3M; acquisitions helped out. The core Exchanges segment saw revenue rise 13% to $46.8M, while Broker Systems revenue fell 28% to $3.5M and Carrier Systems 33% to $1.1M.
    • GAAP costs/expenses rose 30% Y/Y to $44.3M (compares with 26% revenue growth), and $12.2M was spent on buybacks. $20M was left on Ebix's $100M buyback plan as of July 31; the company is "likely" to authorize a new $100M buyback once the current one is used up.
    • The company says it signed "a number of key new contracts" in Q2, and predicts it can "improve its operating margins significantly through a number of efficiency initiatives that have been put in place." A strong dollar had a 5% impact on Q2 revenue growth.
    • Q2 results, PR
    | Fri, Aug. 7, 9:54 AM | Comment!
  • Fri, Aug. 7, 7:31 AM
    • Ebix (NASDAQ:EBIX): Q2 EPS of $0.54 beats by $0.06.
    • Revenue of $64.7M (+25.7% Y/Y) beats by $1.2M.
    • Press Release
    | Fri, Aug. 7, 7:31 AM | 2 Comments
  • Thu, Aug. 6, 5:30 PM
  • Fri, May 15, 7:52 AM
    | Fri, May 15, 7:52 AM | Comment!
  • Tue, May 12, 3:12 PM
    • Today's notable tech gainers include insurance software/data exchange provider Ebix (EBIX +5%), Chinese polysilicon maker Daqo (DQ +6.9%), networking SRAM maker MoSys (MOSY +7.7%), enterprise mobility management software firm MobileIron (MOBL +6.3%), U.S. solar installer Solar3D (SLTD +4.3%), and Korean analog/mixed-signal chipmaker MagnaChip (MX +5.3%).
    • Notable decliners include Chinese online retailers (JD -4.4%) and Vipshop (VIPS -5%), Chinese Internet mini-conglomerate Qihoo (QIHU -4.6%), and cloud online learning software provider 2U (TWOU -5.6%). The Nasdaq is down 0.2%.
    • Daqo is now up 11% since last Friday's mixed Q1 report. Ebix is up 18% since delivering a Q1 beat last Friday. MobileIron's gains come after the company named well-traveled tech vet Simon Biddiscombe its interim CFO. Solar3D is rallying after issuing a PR that sings the praises a of an upbeat Bernstein report on solar cost declines.
    • Qihoo and JD are more than reversing the Monday gains seen amid a Chinese Internet stock rally. 2U has now fully given back the gains seen last week following its Q1 beat.
    • Previously covered: Rackspace, Everyday Health, magicJack, WidePoint, LivePerson, YY, STMicroelectronics, ChipMOS, iDreamSky, Leidos, Photronics
    | Tue, May 12, 3:12 PM | 2 Comments
  • Fri, May 8, 5:40 PM
    | Fri, May 8, 5:40 PM | 2 Comments
  • Fri, May 8, 12:55 PM
    • EBIX has made fresh highs after topping Q1 estimates. A 255% Y/Y increase in Risk Compliance Solutions (RCS) revenue contributed to the beat, as did an 11% increase in Exchange division revenue to $46.7M. Broker Systems revenue fell 16% to $3.7M, and Carrier System revenue 17% to $1.2M.
    • Ebix attributes its sales growth to "revenue growth from Life, Annuity, Underwriting, CRM and Health Ecommerce services in addition to revenue growth generated from the Company's 2014 acquisitions of HealthCare Magic, Vertex, and Oakstone, partially offset by the drop in revenue from international locations as a result of the strengthening U.S. dollar and a decrease in revenues from the company's pharmaceutical and P&C Carrier backend operations." A strong dollar had a $1.9M impact on sales.
    • EPS received a lift from $22.3M worth of buybacks. Thanks in part to acquisitions, GAAP costs/expenses rose 35% Y/Y to $43.3M.
    • Q1 results, PR
    | Fri, May 8, 12:55 PM | 1 Comment
  • Fri, May 8, 7:34 AM
    • Ebix (NASDAQ:EBIX): Q1 EPS of $0.51 beats by $0.08.
    • Revenue of $63.8M (+24.1% Y/Y) beats by $2.8M.
    • Press Release
    | Fri, May 8, 7:34 AM | 7 Comments
  • Thu, May 7, 5:30 PM
  • Wed, Apr. 8, 3:12 PM
    • With the Nasdaq up 0.7% and high-beta names performing especially well, only a handful of tech companies are posting outsized losses. A larger number are posting big gains.
    • Notable gainers include Chinese auto sites Autohome (ATHM +6.3%) and Bitauto (BITA +6.7%), insurance software firm Ebix (EBIX +4.8%), Russian online payments leader Qiwi (QIWI +5%), touchscreen tech developer Neonode (NEON +7.8%), IT services firm WidePoint (WYY +4.9%), and online video ad-buying platform TubeMogul (TUBE +4.4%).
    • Autohome and Bitauto have joined a long list of Chinese Internet stocks that have shot higher following an overnight rally in Hong Kong. Ebix is about $1.50 away from a 52-week high of $31.55. Qiwi is now up 9% on the week amid a broader rally in U.S.-traded Russian firms (aided by rising oil prices and a stronger ruble).
    • Previously covered: Yahoo, Rambus, Qualys, Digital Ally, Silicon Motion, Energous
    | Wed, Apr. 8, 3:12 PM | Comment!
  • Fri, Mar. 13, 12:45 PM
    | Fri, Mar. 13, 12:45 PM | 9 Comments
  • Fri, Mar. 13, 10:01 AM
    • EBIX has surged to new highs after soundly beating Q4 estimates, thanks in large part to an acceleration in Y/Y revenue growth to 19% from Q3's 1%.
    • The Vertex and i3 acquisitions helped Ebix's risk compliance/BPO division revenue rise 192% Y/Y to $11.4M. The company's core Exchanges division saw revenue rise 6% to $44.2M, thanks to both existing products and the Oakstone acquisition. Broker Systems revenue fell 9% to $4.1M, and Carrier Systems revenue fell 26% to $932K.
    • GAAP operating expenses (including cost of services) rose 20% to $39.6M; op. margin was flat at 35%. $55.5M worth of shares have been repurchased since August. The company says it plans to "review our dividend plan along with the pace of the share buy back plan, with a view towards ensuring that we provide enhanced value to our shareholders."
    • CEO Robin Raina: "We intend to grow our business both organically and through accretive acquisitions in 2015 and beyond. Ebix has proven that it is able to acquire niche recurring revenue businesses at cost effective prices, generating accretive returns on investment expeditiously..."
    • Q4 results, PR
    | Fri, Mar. 13, 10:01 AM | 2 Comments
  • Fri, Mar. 13, 7:32 AM
    • Ebix (NASDAQ:EBIX): Q4 EPS of $0.45 beats by $0.06.
    • Revenue of $60.6M (+19.2% Y/Y) beats by $7.75M.
    • Press Release
    | Fri, Mar. 13, 7:32 AM | 9 Comments
EBIX vs. ETF Alternatives
Company Description
Ebix Inc provides a series of application software products for the insurance industry from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries.