New Lifetime High Reached: Ebix (EBIX)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Ebix ( EBIX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ebix as such a stock due to the following factors:

  • EBIX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.8 million.
  • EBIX has traded 14,556 shares today.
  • EBIX is trading at a new lifetime high.

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More details on EBIX:

Ebix, Inc. provides software and e-commerce solutions to the insurance industry. The stock currently has a dividend yield of 0.9%. EBIX has a PE ratio of 19. Currently there is 1 analyst that rates Ebix a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Ebix has been 474,300 shares per day over the past 30 days. Ebix has a market cap of $1.2 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 2.44 and a short float of 41.3% with 17.35 days to cover. Shares are up 102.7% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Ebix as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 1.5%. Since the same quarter one year prior, revenues rose by 24.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 27.50% and other important driving factors, this stock has surged by 109.74% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, EBIX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • EBIX INC has improved earnings per share by 27.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, EBIX INC increased its bottom line by earning $1.67 versus $1.54 in the prior year. This year, the market expects an improvement in earnings ($1.78 versus $1.67).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 18.9% when compared to the same quarter one year prior, going from $15.42 million to $18.34 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Software industry and the overall market, EBIX INC's return on equity exceeds that of both the industry average and the S&P 500.

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