IBEX (NASDAQ:IBEX) Insider Bruce Neil Dawson Sells 15,260 Shares

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 15,260 shares of IBEX stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $31.12, for a total transaction of $474,891.20. Following the completion of the transaction, the insider directly owned 61,895 shares of the company’s stock, valued at approximately $1,926,172.40. This trade represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 11th, Bruce Neil Dawson sold 3,129 shares of IBEX stock. The shares were sold at an average price of $32.80, for a total transaction of $102,631.20.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $30.44 on Thursday. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99. The company has a market capitalization of $407.59 million, a P/E ratio of 9.51 and a beta of 0.66. The company has a 50-day simple moving average of $28.65 and a 200 day simple moving average of $33.24.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results 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. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The firm had revenue of $164.41 million for the quarter, compared to the consensus estimate of $157.00 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of IBEX by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after buying an additional 24,942 shares in the last quarter. Watershed Asset Management L.L.C. bought a new stake in shares of IBEX in the first quarter valued at about $453,000. Allspring Global Investments Holdings LLC grew its stake in shares of IBEX by 11.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 26,667 shares of the company’s stock valued at $715,000 after acquiring an additional 2,722 shares in the last quarter. Bank of New York Mellon Corp increased its position in IBEX by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 32,064 shares of the company’s stock worth $860,000 after acquiring an additional 2,644 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in IBEX by 2.8% during the first 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 period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBEX has been the subject of several research reports. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.