Royce & Associates LP Sells 33,166 Shares of IBEX Limited $IBEX

Royce & Associates LP lessened its position in shares of IBEX Limited (NASDAQ:IBEX) by 10.5% in the 4th quarter, HoldingsChannel reports. The fund owned 284,172 shares of the company’s stock after selling 33,166 shares during the period. Royce & Associates LP’s holdings in IBEX were worth $10,850,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IBEX. Marshall Wace LLP bought a new position in shares of IBEX during the 3rd quarter worth approximately $7,685,000. AQR Capital Management LLC raised its stake in shares of IBEX by 312.6% during the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after acquiring an additional 105,997 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of IBEX by 37.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after acquiring an additional 95,595 shares in the last quarter. Invesco Ltd. raised its stake in shares of 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 acquiring an additional 59,694 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of 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 acquiring an additional 58,196 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at IBEX

In other news, CFO Taylor C. Greenwald sold 964 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total value of $30,867.28. Following the sale, the chief financial officer owned 62,230 shares in the company, valued at $1,992,604.60. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Neil Dawson sold 15,260 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.12, for a total transaction of $474,891.20. Following the completion of the sale, the insider owned 61,895 shares in the company, valued at $1,926,172.40. The trade was a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,153 shares of company stock worth $846,290 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

IBEX Price Performance

NASDAQ:IBEX opened at $31.11 on Thursday. The firm has a market capitalization of $416.56 million, a P/E ratio of 9.72 and a beta of 0.66. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.99. The company’s fifty day moving average price is $29.04 and its 200-day moving average price is $32.80.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $164.41 million for the quarter, compared to analyst estimates of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

About IBEX

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.