Ebix Inc (EBIXQ)

[bob smith]

Ebix Announces Dividend, Fueling Stock's Rebound
By AMY REEVES, INVESTOR'S BUSINESS DAILY
Posted 02/03/2012 01:14 PM ET


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EBIX * Ebix Inc
* Top-Rated Company Ebix (EBIX) was up 4% in midday trading Friday after it announced a quarterly dividend of 4 cents a share. The move brought the stock to its highest point in 10 months, and was trading at about twice its normally modest average volume of about 530,000.

Ebix offers cloud-based software that connects insurance carriers, brokers and buyers online. It has reported a long string of growth quarters that have given it the highest-possible IBD Composite Rating of 99, but only a few Wall Street analysts cover it. It didn't help matters that last March a financial blog attacked its reporting practices at great length, leading to a sell-off from which the stock is still recovering.

The analysts who've stuck with the stock are expecting financials to slow down in the near future. When it reports Q4 results, likely in March, analysts expect per-share profit for 2011 to have risen 13% to $1.71, on sales of $168.2 million, up 27%. But for 2012, the consensus analyst estimate calls for 9.2% sales growth and earnings per share inching down 2% to $1.67.

estimates that are marginal and can be beaten!

http://news.investors.com/Article/599998/201202031314/ebix-stock-up-on-dividend-announcement.htm?ven=yahoocp,yahoo