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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

49.67USD
16 Jan 2019
Change (% chg)

$1.05 (+2.16%)
Prev Close
$48.62
Open
$49.21
Day's High
$49.76
Day's Low
$48.98
Volume
86,628
Avg. Vol
139,395
52-wk High
$89.10
52-wk Low
$39.28

Latest Key Developments (Source: Significant Developments)

Ebixcash'S Travel Divisions Report Cumulative GMV Of about $1.16 Billion
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Ebix Inc ::EBIXCASH’S TRAVEL DIVISIONS REPORT CUMULATIVE GMV OF INR 8,100+ CRORES ($1.16 BILLION), WITH THE ACQUISITION OF TWO COMPANIES - PEARL INTERNATIONAL AND LAWSON TRAVELS.EBIX INC - TWO COMPANIES CUMULATIVELY CONDUCT A GROSS MERCHANDISE VALUE (GMV) OF APPROXIMATELY $140 MILLION.EBIX INC - EBIX EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO ITS EARNINGS..EBIX INC - FUNDED ACQUISITION USING ITS INTERNAL CASH RESERVES AND DID NOT USE ANY INVESTMENT BANKERS FOR TRANSACTION.  Full Article

EbixCash Acquires Weizmann Forex Limited
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Ebix Inc ::EBIXCASH ACQUIRES WEIZMANN FOREX LIMITED (BSE:WEIZFOREX) AND STRENGTHENS LEADERSHIP POSITION IN INDIA’S FOREIGN EXCHANGE AND REMITTANCE MARKETS.EBIX INC - PURCHASE VALUES 100% OF WEIZMANN FOREX AT $65.94 MILLION.EBIX INC - WILL BE FUNDING ENTIRE TRANSACTION IN CASH, USING ITS EXISTING BANK LINE AND INTERNAL CASH RESERVES.EBIX INC - EBIX EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO ITS EARNINGS.EBIX INC - WEIZMANN WILL BE INTEGRATED INTO EBIXCASH FINANCIAL EXCHANGE OFFERING IN INDIA AND ABROAD..EBIX INC - MADE A PUBLIC OFFER TO ACQUIRE REMAINING 25.16% PUBLICLY-HELD WEIZMANN FOREX SHARES FOR INR 528 ($7.54) PER SHARE.EBIX - EXPECTS WEIZMANN DEAL, ONCE INTEGRATED WITHIN ABOUT 6 MONTHS, TO CONTRIBUTE AT LEAST 15 CENTS/SHARE IN ADDITIONAL EPS OVER 12-MONTH PERIOD.EBIX INC - EBIXCASH WORLD MONEY TO ACQUIRE A 74.84% CONTROLLING STAKE IN INDIA BASED WEIZMANN FOREX LIMITED.  Full Article

Ebix's Bus Exchange Division Wins Order For End-To-End Transport Management System
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Ebix Inc ::EBIX’S BUS EXCHANGE DIVISION WINS ORDER TO BUILD-OWN-OPERATE AN END-TO-END TRANSPORT MANAGEMENT SYSTEM FOR 5 YEARS.EBIX INC - EBIX CHOSE NOT TO DISCLOSE NAME OF CLIENT INVOLVED.EBIX INC - GOT ORDER TO DEPLOY BUS EXCHANGE SOLUTION FOR ESTIMATED COUNT OF ABOUT 300 MILLION PASSENGERS TRAVELLING ANNUALLY IN INDIA.  Full Article

Ebix CEO Decides To Take Salary In Ebix Stock Instead Of Cash
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Ebix Inc ::EBIX CEO DECIDES TO TAKE SALARY IN EBIX STOCK INSTEAD OF CASH, BESIDES THE COMPANY COMMENCING PURCHASE OF EBIX STOCK UNDER A NEW $100 MILLION REPURCHASE COMMITMENT OVER THE NEXT 6 TO 12 MONTHS PERIOD.EBIX - CEO WILL GET STOCK INSTEAD OF CASH FOR A TIME, UNTIL STOCK PRICE IS $150/SHARE OR THE ECONOMIC EQUIVALENT AS ADJUSTED FOR FUTURE CORPORATE ACTIONS.  Full Article

Ebix Wins Coveted Contract To Deploy Its Forex Exchange Services At Dubai International Airport
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Ebix Inc ::EBIX WINS COVETED CONTRACT TO DEPLOY ITS FOREX EXCHANGE SERVICES AT WORLD’S BUSIEST AIRPORT - DUBAI INTERNATIONAL AIRPORT.EBIX INC - DUBAI INTERNATIONAL AIRPORT HAS SELECTED EBIX TO DEPLOY FOREX EXCHANGE SERVICES AT TWO OF ITS AIRPORT TERMINALS.  Full Article

Ebixcash Acquires 67 pct stake in Routier
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Ebix Inc ::EBIXCASH ACQUIRES ROUTIER, A PIONEERING B2B MARKETPLACE FOR TRUCKING LOGISTICS IN INDIA.EBIX INC - ONE OF ITS INDIA-BASED EBIXCASH SUBSIDIARIES HAS ACQUIRED A 67 PERCENT STAKE IN ROUTIER.  Full Article

Ebixcash Acquires Assets Of Business Travels Group
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Ebix Inc ::EBIXCASH ACQUIRES ASSETS OF BUSINESS TRAVELS GROUP AND APPOINTS TRAVEL INDUSTRY VETERAN PRAVEEN CHUGH AS CHIEF OPERATING OFFICER OF VIA AGENCY SALES.EBIX INC - CONSIDERS SIZE OF BUSINESS TRAVELS ASSETS ACQUISITION IMMATERIAL AND THUS DID NOT DISCLOSE FINANCIAL DETAILS OF TRANSACTION.EBIX - EBIX FUNDED TRANSACTION THROUGH INTERNAL SOURCES USING ITS OWN CASH RESERVES.EBIX INC - NO EBIX SHARES WERE ISSUED AND NO INVESTMENT BANKERS WERE INVOLVED IN TRANSACTION.EBIX INC - EBIXCASH ANNOUNCED NUMBER OF KEY INITIATIVES AS A PART OF ITS PLANS TO GROW ITS VIA TRAVEL BUSINESS.  Full Article

Ebix Reports Q1 Revenue Of $108.2 Mln Versus $79.1 Mln
Wednesday, 9 May 2018 

May 9 (Reuters) - Ebix Inc ::EBIX Q1 REVENUES ROSE 36.8% TO RECORD $108.2M, OPERATING INCOME ROSE 31.9% TO $33.9M, EPS UNCHANGED AT $0.83.Q1 REVENUE $108.2 MILLION VERSUS $79.1 MILLION.FACED HEAD WINDS IN Q1 2018 THAT IMPACTED SEQUENTIAL REVENUE COMPARISON WITH Q4 2017 BY $5 MILLION.  Full Article

Ebix Enters India’s E-Learning Markets
Thursday, 19 Apr 2018 

April 19 (Reuters) - Ebix Inc ::EBIX ENTERS INDIA’S E-LEARNING MARKETS VIA ACQUISITION OF 60 PERCENT STAKE IN SMARTCLASS EDUCATIONAL SERVICES.EBIX INC - EBIX WILL PAY UP TO $8 MILLION IN CASH FOR ITS STAKE IN SMARTCLASS..EBIX INC - EXPECTS DEAL TO BE ACCRETIVE TO ITS EARNINGS, FORECASTS UP TO $0.20 IN INCREASED EPS, ONCE DEAL IS INTEGRATED OVER NEXT 6 MONTHS.  Full Article

Ebix Signs Agreement To Acquire Inward International Remittance Business From Transcorp International
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Ebix Inc ::EBIX SIGNS AGREEMENT TO ACQUIRE INWARD INTERNATIONAL REMITTANCE BUSINESS FROM TRANSCORP INTERNATIONAL LIMITED (BSE:TRANSCOR.BO).EBIX INC - DEAL FOR ‍APPROXIMATELY $7.4 MILLION​.EBIX - DEAL EXPECTED TO BE ACCRETIVE TO EBIX EARNINGS IMMEDIATELY..EBIX INC - ‍FUNDED TRANSACTION USING ITS INTERNAL CASH RESERVES​.  Full Article