IBEX (NASDAQ:IBEX) Director Sells $32,640.70 in Stock

IBEX Limited (NASDAQ:IBEX) Director Patrick Mcginnis sold 1,030 shares of IBEX stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $31.69, for a total value of $32,640.70. Following the transaction, the director owned 5,833 shares of the company’s stock, valued at $184,847.77. This represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $31.64 on Monday. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The stock has a 50 day moving average of $29.16 and a 200-day moving average of $32.73. The company has a market capitalization of $423.66 million, a P/E ratio of 9.89 and a beta of 0.69.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, May 7th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The company had revenue of $164.41 million during the quarter, compared to the consensus estimate of $157.00 million.

Institutional Trading of IBEX

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in IBEX by 37.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after purchasing an additional 95,595 shares in the last quarter. Sierra Summit Advisors LLC acquired a new position in IBEX in the 4th quarter worth about $879,000. Cambria Investment Management L.P. acquired a new position in IBEX in the 3rd quarter worth about $207,000. Dynamic Technology Lab Private Ltd acquired a new position in IBEX in the 3rd quarter worth about $406,000. Finally, Quantbot Technologies LP increased its holdings in IBEX by 16.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,960 shares of the company’s stock worth $323,000 after purchasing an additional 1,102 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBEX. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.00.

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.