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Ebix Inc (EBIX) [hlAlert]

up 19.74 %

Ebix Inc (EBIX) rated Outperform with price target $29 by Northland Securities

Posted on: Tuesday,  Mar 15, 2011  8:25 AM ET by Northland Securities

Northland Securities rated Outperform Ebix Inc (NASDAQ: EBIX) on 03/15/2011. Previously Northland Securities rated Outperform Ebix Inc (NASDAQ: EBIX) on 12/13/2010.,
when the stock price was $23.45. Since then, Ebix Inc has gained 19.74% as of 01/13/2016's recent price of $28.08.
If you would have followed the previous Northland Securities's recommendation on EBIX, you would have gained 19.74% of your investment in 1857 days.

Ebix, Inc. (Ebix) is an international provider of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries. The Company derives its revenue primarily from professional and support services, which includes software development projects and associated fees for consulting, implementation, training, and project management provided to the Company's customers, subscription and transaction fees related to services delivered on an application service provider basis, fees for hosting software, fees for software license maintenance and registration, and business process outsourcing revenue, and software revenue, which includes the licensing of third-party software. Effective October 1, 2009, it acquired Peak Performance Solutions, Inc. and E-Z Data, Inc.

Our equity research effort attempts to identify high potential small-cap investment ideas. We offer traditional sell-side research services with a particular focus on unearthing information that either supports or challenges our investment thesis. We strive to continuously provide our institutional client base with timely and insightful thinking.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2011 8:25 AM Buy
26.15 29.00
as of 12/30/2011
1 Week up  3.90 %
1 Month up  2.79 %
3 Months up  50.34 %
1 YTD down  -6.63 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2010 9:25 AM Buy
23.45 27.00

(*) Stock Price at the time of the recommendation.
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