This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

High-Flying Fund More Than Doubles in 'Lost Decade' for Stocks

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Ebix (EBIX - Get Report)

Company Profile: Ebix is a supplier of on-demand software and E-commerce services to the insurance industry. The company says it conducts in excess of $100 billion in insurance premiums on its platforms across the world in life, annuity, health and property and casualty insurance.

Share Price: $14.33 (Sept. 26)

Performance Since July 25: -26.2%

Gundlach's View: Gundlach forecasts big growth in the insurance software industry, as the group is very fragment and there has been a very powerful shift towards digitization.

"The insurance industry is one of the last big areas that has had most operations paper-based," he says. "Now, they're finally seeing the big shift towards digitization. Ebix allows for a cloud-based software as a service platform to handle all of these operations. Their software handles a lot of the operations in the insurance industry, from creating policies to maintenance."

Gundlach calls Ebix's growth in revenue and earnings "explosive." In 2002, the software company earned only 2 cents a share for the year. Analysts are currently expecting full-year earnings of $1.66 a share this year, according to a poll of analysts by Thomson Reuters.

"This is a company that has been growing by double-digits year in and year out, both organically and with some pretty smart acquisitions," Gundlach says. "Even though Ebix has grown incredibly fast for several years, there is quite a bit of running room left ahead." Analysts agree with that assessment, as the average analyst price target of $24.33 represents upside of nearly 70%.
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EBIX $47.74 -0.04%
GPOR $30.66 0.03%
SFE $13.92 0.00%
AAPL $95.03 0.21%
FB $116.73 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs