IBEX (NASDAQ:IBEX) Insider Sells $102,631.20 in Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 3,129 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $32.80, for a total transaction of $102,631.20. Following the sale, the insider directly owned 77,155 shares of the company’s stock, valued at approximately $2,530,684. This trade represents a 3.90% 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.

Bruce Neil Dawson also recently made the following trade(s):

• On Tuesday, May 12th, Bruce Neil Dawson sold 15,260 shares of IBEX stock. The stock was sold at an average price of $31.12, for a total transaction of $474,891.20.

IBEX Price Performance

IBEX opened at $30.56 on Friday. The company has a market cap of $409.20 million, a price-to-earnings ratio of 9.55 and a beta of 0.66. The firm has a 50 day simple moving average of $28.69 and a 200 day simple moving average of $33.16. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $42.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBEX. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBEX. Marshall Wace LLP acquired a new position in shares of IBEX in the third quarter valued at approximately $7,685,000. AQR Capital Management LLC boosted its holdings in shares of IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after buying an additional 105,997 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of IBEX by 37.9% in the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock valued at $14,084,000 after buying an additional 95,595 shares during the period. Invesco Ltd. boosted its holdings in shares of IBEX by 200.2% in the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after buying an additional 59,694 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of IBEX by 694.7% in the third quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock valued at $2,698,000 after buying an additional 58,196 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.