Ebix Inc (NASDAQ:EBIX) shares trading down by 3.80%


The share prices of Ebix Inc (NASDAQ:EBIX) is declined by 3.80 percent and currently trading at $9.62 per share. The shares of the company is trading in the range of $9.60 to $10.27 per during the day. The shares Ebix Inc (NASDAQ:EBIX) had a market capitalization of $358.32 million. The stock opened at $10.20 per share. The share price does not make a change in the 52 week low value $8.21 per share and 52 week high value $24.90 per share.

This company supplies to the insurance industry as software and e-commerce solutions and they are also called as international supplier. Insurance industry includes agency systems and exchanges to custom software development, carrier systems connected in the financial and insurance industries these are the sequence of application software products which are provided by the company. The company earned revenue as 77 percent from on-demand insurance Exchanges on December 2011. ADAM, Inc. with a fully owned Ebix and joined with this company at February 2011. The company gained Health Connect Systems at November 2011, they gained Fintechnix and Planet Soft, Inc at June 2012 and finally they gained TriSystems Ltd an online insurance is a type of trading hub.

The company said that a $100 million common stock repurchase program has been approved by the Board of Directors. The shares of those common stocks may be purchased on the open market and in privately negotiated transactions, related to customary legal, contractual and regulatory considerations from time to time under the program. The company had an institutional investor’s shareholdings as 82 percent. Ebix Inc (NASDAQ:EBIX) has been having a trading volume as 2.81 million. The company presently holds 37.17 million shares outstanding in the market.

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