IBEX (NASDAQ:IBEX) Insider Sells $58,066.80 in Stock

IBEX Limited (NASDAQ:IBEX) insider Michael Joseph Darwal sold 1,660 shares of the business’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 sale, the insider directly owned 42,185 shares in the company, valued at approximately $1,475,631.30. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $30.10 on Friday. IBEX Limited has a 1 year low of $21.64 and a 1 year high of $42.99. The firm’s 50-day moving average is $36.90 and its two-hundred day moving average is $35.42. The firm has a market capitalization of $403.52 million, a PE ratio of 9.90 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 net margin of 7.35% and a return on equity of 31.70%.

Hedge Funds Weigh In On IBEX

A number of large investors have recently bought and sold shares of IBEX. Acadian Asset Management LLC raised its holdings in shares of IBEX by 8.0% during the 2nd quarter. Acadian Asset Management LLC now owns 444,377 shares of the company’s stock valued at $12,924,000 after buying an additional 32,911 shares during the period. LSV Asset Management increased its position in shares of IBEX by 52.7% in the 2nd quarter. LSV Asset Management now owns 22,900 shares of the company’s stock worth $666,000 after purchasing an additional 7,900 shares during the last quarter. Denali Advisors LLC raised its stake in IBEX by 41.2% during the second quarter. Denali Advisors LLC now owns 104,096 shares of the company’s stock valued at $3,029,000 after buying an additional 30,378 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in IBEX by 24.6% during the second quarter. Los Angeles Capital Management LLC now owns 36,104 shares of the company’s stock worth $1,051,000 after purchasing an additional 7,125 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of IBEX in the 2nd quarter worth about $462,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Royal Bank Of Canada increased their target price on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Finally, Wall Street Zen downgraded shares of IBEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX currently has a consensus rating of “Hold” and a consensus 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.