EBIX: Technology Leader in Insurance Software Services

A New York presenter likes Ebix (NASDAQ: EBIX, $23.83). The company operates insurance exchanges around the world that allow carriers to initiate and process policies in a paperless mode. 70% of revenue is recurring. EBIX is growing at 40% rates despite headwinds in the insurance space, with margins approaching 50%. The company is a clear technology leader offering the only end-to-end bundled solution available. There are multiple opportunities for expansion, both in the domestic market and overseas. Ebix is executing an acquisition strategy focused on immediate accretion to supplement organic growth. The presenter believes the stock can double or triple from this level as the company continues to take share in a $10 billion market.