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Ebix Inc (NASDAQ:EBIX) Shares Surges on Upbeat 4Q Net Income – EBIX, VELT, ADP, CALD, SSNC

Ebix Inc (NASDAQ:EBIX)’s shares jumped on Thursday following the insurance technology provider declared its Q4 net income increased 8%, helped by a steep increase in revenue at its exchange software business.

Ebix generated $18.7M, or 48 cents a share, in the final quarter of 2012, increased from $17.3M, or 44 cents a share, in the similar quarter a year before.

Revenue surged 23% to $54M from $44.1M, as revenue associated to its on-demand exchange software increased 26% to $43.3M. Broker systems revenue surged 6% to $4.9M.

Ebix generated $70.6M, or $1.80 a share for the full year 2012, dropped from $71.4M, or $1.75 a share, in 2011. A cut in the number of outstanding shares helped lift the per-share results by nearly 7 cents.

Shares of Ebix Inc (NASDAQ:EBIX) traded at $16.17 by increasing +4.05% with price volatility of 3.56% for a week and 8.14% for a month plus price volatility’s Average True Range for 14 days was 0.99 and its beta stands at 1.31 times.

Stocks after opening at $17.44 hit high price of $17.44 and on last session stock held volume of 2.18 million shares which was unexpectedly higher than its average volume of 740,239 shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.26 as current ratio and on the opponent side the debt to equity ratio was 0.24 and long-term debt to equity ratio also remained 0.20. The Company had total cash at hand $31.00 million and a book value per share as $9.49 in the most recent quarter.

While investors who viewing EBIX against other stocks with the reference of profit margin that are Velti Plc (NASDAQ:VELT) having profit margin -8.89%, Automatic Data Processing (NASDAQ:ADP) with 12.47% profit margin, Callidus Software Inc. (NASDAQ:CALD) having -29.17% profit margin and SS and C Technologies Holdings Inc (NASDAQ:SSNC) having profit margin of 8.30%.


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