Taylor Greenwald Sells 964 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 964 shares of IBEX stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $32.02, for a total transaction of $30,867.28. Following the transaction, the chief financial officer directly owned 62,230 shares of the company’s stock, valued at approximately $1,992,604.60. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IBEX Trading Up 2.4%

IBEX stock opened at $31.86 on Friday. The stock has a market cap of $426.61 million, a PE ratio of 9.96 and a beta of 0.66. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The company has a 50-day moving average price of $29.10 and a 200 day moving average price of $32.77.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The company 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%.

Institutional Investors Weigh In On IBEX

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in shares of IBEX in the 3rd quarter worth approximately $46,000. Penserra Capital Management LLC purchased a new stake in shares of IBEX in the 3rd quarter worth approximately $52,000. Empowered Funds LLC purchased a new stake in shares of IBEX in the 4th quarter worth approximately $84,000. Clearstead Advisors LLC lifted its position in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock worth $101,000 after purchasing an additional 1,618 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of IBEX by 418.7% in the 4th 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 period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

About IBEX

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.