Y Intercept Hong Kong Ltd Has $2.57 Million Stock Position in IBEX Limited $IBEX

Y Intercept Hong Kong Ltd boosted its position in IBEX Limited (NASDAQ:IBEX) by 121.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,665 shares of the company’s stock after acquiring an additional 52,526 shares during the period. Y Intercept Hong Kong Ltd’s holdings in IBEX were worth $2,566,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of IBEX during the third quarter valued at approximately $7,685,000. AQR Capital Management LLC lifted its holdings in shares of IBEX by 312.6% in the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after purchasing an additional 105,997 shares in the last quarter. JPMorgan Chase & Co. grew its position in IBEX by 37.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock valued at $14,084,000 after purchasing an additional 95,595 shares during the period. Invesco Ltd. grew its position in IBEX by 200.2% in the 3rd quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after purchasing an additional 59,694 shares during the period. Finally, Squarepoint Ops LLC increased its stake in IBEX by 694.7% during the 3rd quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock valued at $2,698,000 after purchasing an additional 58,196 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling at IBEX

In other IBEX news, CFO Taylor C. Greenwald sold 964 shares of IBEX stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total transaction of $30,867.28. Following the transaction, the chief financial officer directly owned 62,230 shares of the company’s stock, valued at $1,992,604.60. The trade was a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 7,800 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.50, for a total transaction of $237,900.00. Following the completion of the sale, the chief executive officer owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,783 shares of company stock worth $989,126. 3.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.00.

IBEX Stock Up 1.9%

Shares of IBEX stock opened at $33.23 on Wednesday. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The business has a 50 day moving average price of $30.69 and a 200-day moving average price of $31.75. The company has a market cap of $444.95 million, a PE ratio of 10.38 and a beta of 0.71.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $157.00 million.

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.