Edition:
United States

Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

56.40USD
25 Jul 2017
Change (% chg)

-- (--)
Prev Close
$56.40
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
60,039
52-wk High
$65.10
52-wk Low
$50.19

Latest Key Developments (Source: Significant Developments)

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

Patriot National Q2 adjusted earnings per share $0.11
Monday, 15 Aug 2016 06:45am EDT 

Patriot National Inc : Q2 adjusted earnings per share $0.11 . Q2 revenue rose 19 percent to $56.5 million . Patriot National's special committee of the board closes in on strategic opportunity decision; company reports second quarter 2016 results . Q2 gaap earnings per share $0.45 . Q2 earnings per share view $0.22 -- Thomson Reuters I/B/E/S . Ebix is expected to complete its due diligence by August 31, 2016 . Sees FY 2016 adjusted EBITDA $66 million - $71 million . Q2 revenue view $64.8 million -- Thomson Reuters I/B/E/S . Special committee is working collaboratively with Ebix, Inc. to explore possible combination of two businesses .Sees FY 2016 adjusted earnings $25 million - $28 million.  Full Article

Ebix Q2 earnings per share $0.70
Monday, 8 Aug 2016 07:28am EDT 

Ebix Inc : Ebix reports Q2 earnings per share of $0.70 on record revenues of $72.6 million . Q2 revenue $72.6 million .Q2 earnings per share $0.70.  Full Article

Ebix reported Q2 EPS $0.70
Monday, 8 Aug 2016 07:28am EDT 

Ebix Inc : Ebix reports Q2 EPS of $0.70 on record revenues of $72.6m .On a constant currency basis, Ebix Q2 2016 revenue increased 14% to $73.8 million.  Full Article

BRIEF-Itzcash says Ebix further commits $100 mln fund for Itzcash

* Ebix Inc. Further commits $100 million fund to steer the next level growth path for Itzcash Source text: [ItzCash, parent Ebix Inc. commit a US$ 100 mn for Investments & Acquisitions - drive accelerated growth towards a leading Financial Exchange With the recent investment in ItzCash of $120 million in May 2017, World’s Largest Insurance Exchange, Ebix Inc. further commits $100 million fund to steer the next level growth path for ItzCash.]