IBEX Limited $IBEX Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its stake in shares of IBEX Limited (NASDAQ:IBEX) by 74.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,131 shares of the company’s stock after selling 68,774 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in IBEX were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted 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 in the last quarter. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 24,942 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of IBEX by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock worth $10,682,000 after purchasing an additional 10,571 shares in the last quarter. Boston Partners lifted its holdings in shares of IBEX by 12.4% during the 4th quarter. Boston Partners now owns 275,046 shares of the company’s stock valued at $10,501,000 after buying an additional 30,314 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of IBEX by 2.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock valued at $7,086,000 after buying an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, IBEX has a consensus rating of “Hold” and an average target price of $40.00.

IBEX Price Performance

IBEX stock opened at $37.25 on Friday. The business has a 50 day simple moving average of $32.65 and a 200 day simple moving average of $31.26. IBEX Limited has a one year low of $25.94 and a one year high of $42.99. The company has a market capitalization of $498.78 million, a PE ratio of 11.64 and a beta of 0.69.

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

Insider Activity at IBEX

In related news, insider Julie K. Casteel sold 3,600 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.61, for a total value of $110,196.00. Following the transaction, the insider owned 117,594 shares in the company, valued at $3,599,552.34. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $32,640.70. Following the sale, the director directly owned 5,833 shares of the company’s stock, valued at approximately $184,847.77. This trade represents a 15.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,783 shares of company stock valued at $989,126 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

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.