IBEX (NASDAQ:IBEX) Director Sells $145,320.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Daniella Ballou-Aares sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $24.22, for a total transaction of $145,320.00. Following the sale, the director owned 11,143 shares of the company’s stock, valued at approximately $269,883.46. The trade was a 35.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

IBEX Trading Up 0.8%

IBEX stock traded up $0.23 during trading on Friday, reaching $29.72. 98,137 shares of the stock were exchanged, compared to its average volume of 123,120. The business has a 50 day moving average price of $28.76 and a 200-day moving average price of $34.22. IBEX Limited has a 1 year low of $22.63 and a 1 year high of $42.99. The firm has a market capitalization of $398.55 million, a price-to-earnings ratio of 9.78 and a beta of 0.69.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. The business had revenue of $164.22 million during the quarter, compared to analysts’ expectations of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Institutional Trading of IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi acquired a new stake in shares of IBEX in the first quarter valued at $74,000. AQR Capital Management LLC boosted its stake 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 purchasing an additional 105,997 shares during the period. Jane Street Group LLC acquired a new position in shares of IBEX in the first quarter valued at approximately $756,000. Geode Capital Management LLC grew its stake in shares of IBEX by 12.3% in the second quarter. Geode Capital Management LLC now owns 127,735 shares of the company’s stock worth $3,717,000 after acquiring an additional 13,941 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in IBEX by 11.4% in the second quarter. Rhumbline Advisers now owns 14,320 shares of the company’s stock valued at $417,000 after purchasing an additional 1,466 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings cut IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

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.