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Ebix, Inc. Buyback

OLI recorded this information on 2/6/2017

Company: Ebix, Inc.
Buyback: EBIX buyback
$Amount Authorized: $350,000,000
Buyback Details: Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that its Board of Directors has approved a new $150 million share repurchase plan. This new share repurchase plan is in addition to two previously authorized share repurchase plans adding up to $200 million, which are nearing full utilization now.

Ebix is a supplier of on-demand infrastructure exchanges to the insurance, financial, travel, payment remittances and healthcare industries. In the insurance industry, Co.'s main focus is to develop and deploy a variety of insurance and reinsurance exchanges on an on-demand basis using Software-as-a-Service enterprise solutions in the area of customer relationship management, front-end and back-end systems, and outsourced administrative and risk compliance. Co. also provides software development, customization, and consulting services to a variety of entities in the insurance industry, including carriers, brokers, exchanges and standards-making bodies.

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Company Name: 
Ebix Inc
Stock buyback: 
EBIX buyback
Website: 
www.ebix.com
Sector: 
Application Software
Number of ETFs Holding EBIX: 
52
Total Market Value Held by ETFs: 
$347.47M
Total Market Capitalization: 
$984.00M
% of Market Cap. Held by ETFs: 
35.31%
 

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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