IBEX (NASDAQ:IBEX) Director Patrick Mcginnis Sells 1,030 Shares

IBEX Limited (NASDAQ:IBEX) Director Patrick Mcginnis sold 1,030 shares of the business’s 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 completion of the transaction, the director directly owned 5,833 shares in the company, valued at approximately $184,847.77. This represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

IBEX Trading Down 0.7%

NASDAQ IBEX opened at $31.64 on Friday. The stock’s 50 day moving average is $29.16 and its 200 day moving average is $32.76. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The stock has a market cap of $423.63 million, a PE ratio of 9.89 and a beta of 0.66.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $157.00 million.

Institutional Trading of IBEX

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in IBEX by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock worth $14,392,000 after acquiring an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in IBEX by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after acquiring an additional 24,942 shares during the last quarter. Wells Fargo & Company MN increased its stake in IBEX by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock worth $10,682,000 after acquiring an additional 10,571 shares during the last quarter. Boston Partners increased its stake in IBEX by 12.4% in the 4th quarter. Boston Partners now owns 275,046 shares of the company’s stock worth $10,501,000 after acquiring an additional 30,314 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in IBEX by 2.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock worth $7,086,000 after acquiring an additional 7,300 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.