Wall Street Zen Downgrades IBEX (NASDAQ:IBEX) to Buy

IBEX (NASDAQ:IBEX) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Weiss Ratings lowered shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $34.98 on Friday. The company’s 50 day simple moving average is $37.39 and its 200 day simple moving average is $35.44. IBEX has a 1 year low of $21.64 and a 1 year high of $42.99. The stock has a market capitalization of $471.08 million, a price-to-earnings ratio of 11.51 and a beta of 0.64.

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

Institutional Investors Weigh In On IBEX

Several hedge funds have recently added to or reduced their stakes in the business. Legato Capital Management LLC increased its position in IBEX by 9.7% in the 4th quarter. Legato Capital Management LLC now owns 18,326 shares of the company’s stock valued at $700,000 after acquiring an additional 1,618 shares during the period. Sierra Summit Advisors LLC acquired a new stake in IBEX in the fourth quarter valued at $879,000. Bailard Inc. acquired a new stake in IBEX in the fourth quarter valued at $233,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in IBEX during the 4th quarter worth $342,000. Finally, Strs Ohio lifted its holdings in IBEX by 6.2% during the 4th quarter. Strs Ohio now owns 15,500 shares of the company’s stock worth $592,000 after buying an additional 900 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.