UBS Group AG Cuts Position in IBEX Limited $IBEX

UBS Group AG cut its stake in IBEX Limited (NASDAQ:IBEX) by 20.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,781 shares of the company’s stock after selling 16,212 shares during the period. UBS Group AG owned about 0.48% of IBEX worth $2,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBEX. Advisory Services Network LLC purchased a new position in IBEX in the third quarter worth $46,000. Penserra Capital Management LLC purchased a new position in IBEX in the third quarter worth $52,000. Amundi purchased a new position in IBEX in the first quarter worth $74,000. State of Alaska Department of Revenue lifted its stake in IBEX by 418.7% in the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after purchasing an additional 2,194 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IBEX by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after purchasing an additional 434 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on IBEX. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Wall Street Zen raised shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX presently has a consensus rating of “Hold” and an average target price of $40.00.

IBEX Trading Up 0.6%

Shares of NASDAQ:IBEX opened at $32.22 on Wednesday. The company has a market cap of $431.39 million, a price-to-earnings ratio of 10.07 and a beta of 0.66. The company has a 50-day moving average price of $29.00 and a 200-day moving average price of $32.84. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99.

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

Insider Activity

In other news, insider Bruce Neil Dawson sold 15,260 shares of the company’s 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 represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Thomas Dechant sold 7,800 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $30.50, for a total transaction of $237,900.00. Following the transaction, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. This trade represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,189 shares of company stock valued at $815,422. Insiders own 3.40% 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.