Patrick Mcginnis Sells 1,030 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Patrick Mcginnis sold 1,030 shares of IBEX stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $31.69, for a total transaction of $32,640.70. Following the completion of the sale, the director owned 5,833 shares of the company’s stock, valued at approximately $184,847.77. The trade was a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

IBEX Trading Down 0.7%

NASDAQ IBEX opened at $31.64 on Friday. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.99. The company has a 50 day moving average of $29.16 and a 200-day moving average of $32.76. The company has a market cap of $423.66 million, a price-to-earnings ratio of 9.89 and a beta of 0.66.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in IBEX during the third quarter valued at approximately $46,000. Penserra Capital Management LLC acquired a new position in shares of IBEX during the third quarter worth $52,000. Empowered Funds LLC acquired a new position in shares of IBEX during the fourth quarter worth $84,000. Clearstead Advisors LLC increased its holdings in shares of IBEX by 159.1% during the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock worth $101,000 after buying an additional 1,618 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of IBEX by 418.7% during the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after buying an additional 2,194 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.