Sei Investments Co. Sells 16,356 Shares of IBEX Limited $IBEX

Sei Investments Co. cut its position in IBEX Limited (NASDAQ:IBEX) by 43.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,367 shares of the company’s stock after selling 16,356 shares during the quarter. Sei Investments Co. owned 0.16% of IBEX worth $573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in IBEX in the third quarter valued at approximately $46,000. Empowered Funds LLC acquired a new position in IBEX during the fourth quarter valued at approximately $84,000. Clearstead Advisors LLC lifted its stake in 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 purchasing an additional 1,618 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in 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 purchasing an additional 2,194 shares during the last quarter. Finally, Amundi bought a new stake in IBEX during the first quarter worth $74,000. Institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX currently has an average rating of “Hold” and an average price target of $40.00.

IBEX Trading Down 0.4%

Shares of NASDAQ IBEX opened at $35.83 on Friday. The company has a market cap of $479.76 million, a price-to-earnings ratio of 11.20 and a beta of 0.69. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The stock has a 50-day moving average price of $33.18 and a two-hundred day moving average price of $31.20.

Insider Activity

In related news, insider Julie K. Casteel sold 3,600 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the transaction, the insider directly owned 117,594 shares in the company, valued at $3,599,552.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Taylor C. Greenwald sold 964 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total transaction of $30,867.28. Following the completion of the transaction, the chief financial officer directly owned 62,230 shares of the company’s stock, valued at approximately $1,992,604.60. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,594 shares of company stock worth $173,704. Corporate 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.