Ebix, Inc. (EBIX) Research
Ebix, Inc., along with its affiliated entities, provides specialized on-demand software platforms and e-commerce services. These offerings serve a global client base within the insurance, financial, travel, and healthcare sectors. The company actively develops and deploys exchanges for both insurance and reinsurance transactions. It also supplies cloud-based (SaaS) enterprise solutions that encompass areas like customer relationship management (CRM), front-facing user systems, and internal backend operations. Furthermore, Ebix offers outsourced services for administrative tasks and ensuring risk compliance. A core component of its operations involves managing property and casualty (P&C) exchanges, predominantly in Australia, New Zealand, the United Kingdom, and the United States. These platforms streamline the secure exchange of insurance information between brokers and insurance carriers, with a particular focus on personal and commercial lines of coverage. Beyond insurance, Ebix's diverse portfolio of exchange-related products and services includes travel booking systems, international money transfer capabilities, foreign currency exchange, and outward remittance services. It also provides payment processing solutions, consumer gift cards redeemable at various retailers, and technological support for providers in the lending, wealth and asset management, and travel industries. Specifically concerning its insurance exchanges, Ebix offers a SaaS platform with accompanying services, software licensing, and extensive professional services. These professional services cover implementation, customization, user training, and expert consulting. Its risk compliance division handles the creation and ongoing tracking of insurance certificates. Additionally, it offers consulting services, including project management and development, alongside comprehensive business process outsourcing (BPO) solutions. These BPO services feature specialized project management, system advisory, and efficient claims adjudication and settlement. Founded in 1976 and headquartered in Johns Creek, Georgia, the company was originally known as Delphi Systems, Inc., before adopting the name Ebix, Inc. in December 2003.
Market snapshot
- Symbol
- EBIX
- Price
- $1.16
- Day change
- -32.16%
- Market cap
- $35.8M
- P/E ratio
- 0.55x
- 52-week range
- 1.05-32.87
- Sector
- Technology
- Industry
- Software - Application
- Analyst price target
- $100
Peer companies
Recent insider activity
- GARG AMIT KUMAR — trade (0 shares) on 2023-04-21
- HEBARD GEORGE — P-Purchase (409000 shares) on 2023-12-29
- LaPuma Elizabeth A. — trade (0 shares) on 2023-09-29
- KRUEGER JILL M — trade (0 shares) on 2023-09-29
- Hamil Steven M — F-InKind (973 shares) on 2021-10-12
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