Edition:
United States

Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

59.10USD
2:03pm EDT
Change (% chg)

$0.20 (+0.34%)
Prev Close
$58.90
Open
$58.85
Day's High
$59.25
Day's Low
$58.80
Volume
15,631
Avg. Vol
58,995
52-wk High
$65.10
52-wk Low
$52.40

Latest Key Developments (Source: Significant Developments)

Ebix acquires YouFirst Money Express Private Limited
Monday, 21 Aug 2017 07:29am EDT 

Aug 21 (Reuters) - Ebix Inc :Ebix expands presence in international remittance sector with acquisition of YouFirst Money Express Private Limited.Ebix Inc- ‍acquisition is expected to be accretive to Ebix earnings immediately​.Ebix Inc - ‍company funded transaction using its internal cash reserves​.Ebix Inc - ‍entered into an agreement to acquire money transfer service scheme business of YouFirst Money Express Private Limited​.Ebix -co intends to consolidate both these acquisitions into its financial exchange operations.Ebix Inc - ‍had announced acquisition of MTSS assets of Wall Street Finance Limited on August​ 17.  Full Article

Ebix acquires inward international remittance business from Wall Street Finance Limited
Thursday, 17 Aug 2017 10:34am EDT 

Aug 17 (Reuters) - Ebix Inc ::Ebix signs agreement to acquire inward international remittance business from Wall Street Finance Limited (BSE: WSFIN).Deal for ‍$7.4 million​.Acquisition once approved, is expected to be accretive to EBIX earnings immediately​.Funded transaction using its internal cash reserves​.‍Agreement while approved by Wall Street Board, is subject to its shareholders approval​.  Full Article

Ebix reports Q2 earnings per share $0.74
Tuesday, 8 Aug 2017 07:28am EDT 

Aug 8 (Reuters) - Ebix Inc :Ebix Q2 revenues rose 20.4% to a record $87.4m, eps rose 6% to $0.74 and operating income rose 13% to $26.5m.Q2 earnings per share $0.74.Q2 revenue $87.4 million versus $72.6 million.Ebix Inc - "‍we would like to be at a quarterly revenue run rate of $100 million by q1 of 2018, with at least 30% in operating margins​".Ebix Inc - ‍expect itzcash operating margins to approach 25% in next 6 months​.  Full Article

Ebix acquires 80 pct stake in ItzCash for $120 million
Wednesday, 24 May 2017 07:30am EDT 

May 24 (Reuters) - Ebix Inc :Ebix takes leadership position in digital payments market in India via acquisition of 80% stake in fast-growing ItzCash .Says under terms of agreement, ItzCash was valued at a total enterprise value of about $150 million.Ebix inc says acquisition is expected to be accretive to ebix earnings within next 6 to 9 months.Says acquisition is expected to be accretive to Ebix earnings within next 6 to 9 months.Ebix acquired an 80 percent stake in ItzCash for $120 million including upfront cash of $76 million.Ebix decided to retain entire management team led by managing director of ItzCash Naveen Surya.Says co funded transaction using internal cash reserves from its Indian and Singapore subsidiaries.Ebix Inc - it has entered into a joint venture with India-based Essel Group, while acquiring an 80% stake in ItzCash .  Full Article

Ebix Q1 Q1 earnings per share $0.83
Tuesday, 9 May 2017 08:43am EDT 

May 9 (Reuters) - Ebix Inc ::Ebix Q1 diluted eps rose 24 pct to a record $0.83 on revenues of $79.1m.Q1 earnings per share $0.83.Q1 revenue $79.1 million versus $71.1 million.Ebix - "from an M&A standpoint, we continue to pursue a few acquisition opportunities".Ebix Inc - "hope to announce one such strategic acquisition soon" that has potential to be major growth drivers for co.  Full Article

Ebix Q4 earnings per share $0.76
Tuesday, 28 Feb 2017 07:01am EST 

Ebix Inc : Ebix reports record quarterly results with operating cash flow of $30.7 million, revenues of $80.0m and diluted eps of $0.76; full year revenues rose 12% to $298.3m and diluted eps rose 25% to $2.86 . Q4 earnings per share $0.76 . Q4 revenue $80 million versus $70.2 million .Ebix inc - "we believe that we are well positioned for another solid year in 2017.".  Full Article

Ebix Inc announces new $150 million share repurchase plan
Monday, 6 Feb 2017 07:28am EST 

Ebix Inc : Ebix inc. Announces new $150 million share repurchase plan .Ebix -new share repurchase plan is in addition to 2 previously authorized share repurchase plans adding up to $200 million which are nearing full utilization.  Full Article

Ebix appoints Sean Donaghy as CFO
Tuesday, 3 Jan 2017 05:17pm EST 

Ebix Inc : Appointed Sean T. Donaghy as company's chief financial officer effective January 3, 2017 . Ebix Inc - Robert Kerris, CFO since Oct. 2007, appointed to position of EVP-corporate officer of mergers & acquisitions and special projects Source: (http://bit.ly/2hPFO44) Further company coverage: [EBIX.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ebix acquires Rio De Janeiro based WDEV
Friday, 23 Dec 2016 08:02am EST 

Ebix Inc : Under terms of agreement, Ebix's Latin American subsidiary has acquired all of outstanding capital stock of WDEV . Transaction to be immediately accretive for its shareholders. . Ebix Inc - retained entire senior management team led by Guillermo Reid, founder and CEO of WDEV . Ebix Inc says Ebix expects transaction to be immediately accretive for its shareholders . Ebix Inc - funded purchase using its internal cash reserves, with no Ebix shares being issued .Ebix acquires Rio De Janeiro based WDEV, to become the largest end-to-end insurance software services company in brazil.  Full Article

Patriot National says rejects $475 mln offer from Ebix Inc
Tuesday, 8 Nov 2016 01:46pm EST 

Patriot National Inc : Patriot National rejects $475 million offer from Ebix Inc . Special committee continues to explore and evaluate more attractive offers and all opportunities for value creation .Exploration of strategic opportunities may be terminated at any time and without notice.  Full Article

BRIEF-Ebix acquires YouFirst Money Express Private Limited

* Ebix expands presence in international remittance sector with acquisition of YouFirst Money Express Private Limited