IBEX Limited (NASDAQ:IBEX) Short Interest Up 54.1% in February

IBEX Limited (NASDAQ:IBEX) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 160,642 shares, a growth of 54.1% from the January 29th total of 104,263 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 236,144 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 236,144 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the company’s shares are sold short.

IBEX Trading Down 0.9%

IBEX stock opened at $28.90 on Friday. The business’s fifty day moving average price is $35.26 and its 200 day moving average price is $35.46. IBEX has a 12-month low of $21.64 and a 12-month high of $42.99. The company has a market capitalization of $387.55 million, a PE ratio of 9.51 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. The company had revenue of $164.22 million during the quarter, compared to analysts’ expectations of $155.48 million. IBEX had a return on equity of 31.70% and a net margin of 7.35%.

Insider Buying and Selling at IBEX

In other news, insider Paul Joseph Inson sold 2,627 shares of IBEX stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $34.98, for a total transaction of $91,892.46. Following the sale, the insider owned 27,469 shares of the company’s stock, valued at approximately $960,865.62. The trade was a 8.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Joseph Darwal sold 1,660 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $58,066.80. Following the completion of the transaction, the insider owned 42,185 shares in the company, valued at $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,287 shares of company stock worth $498,499 in the last ninety days. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On IBEX

A number of hedge funds have recently added to or reduced their stakes in IBEX. Marshall Wace LLP purchased a new position in IBEX in the 3rd quarter valued at approximately $7,685,000. AQR Capital Management LLC raised its stake in shares of IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after acquiring an additional 105,997 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in IBEX by 37.9% in the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock valued at $14,084,000 after purchasing an additional 95,595 shares during the period. Invesco Ltd. grew its stake in IBEX by 200.2% during the 3rd quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock worth $3,627,000 after purchasing an additional 59,694 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in IBEX by 694.7% during the 3rd quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock worth $2,698,000 after purchasing an additional 58,196 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings lowered shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.00.

IBEX Company Profile

IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.

Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.