IBEX (NASDAQ:IBEX) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of IBEX (NASDAQ:IBEX) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other research analysts also recently commented on the stock. Robert W. Baird lifted their target price on shares of IBEX from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, September 28th. Weiss Ratings raised shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.00.

IBEX Price Performance

IBEX opened at $49.52 on Friday. The stock’s 50 day simple moving average is $43.00 and its 200 day simple moving average is $34.50. IBEX has a 1 year low of $25.94 and a 1 year high of $49.89. The firm has a market cap of $660.60 million, a price-to-earnings ratio of 15.01 and a beta of 0.74.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. IBEX had a return on equity of 29.98% and a net margin of 7.34%. The business had revenue of $175.23 million for the quarter, compared to analysts’ expectations of $169.31 million.

Insider Buying and Selling at IBEX

In other IBEX news, COO David Afdahl sold 17,500 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $37.09, for a total transaction of $649,075.00. Following the transaction, the chief operating officer directly owned 140,006 shares of the company’s stock, valued at approximately $5,192,822.54. The trade was a 11.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christina O’Connor sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $40.30, for a total transaction of $302,250.00. Following the completion of the transaction, the insider owned 29,231 shares of the company’s stock, valued at $1,178,009.30. This trade represents a 20.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 97,465 shares of company stock worth $3,882,291. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in shares of IBEX by 370.5% during the third quarter. Russell Investments Group Ltd. now owns 14,361 shares of the company’s stock valued at $623,000 after purchasing an additional 11,309 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of IBEX by 10.0% during the third quarter. Ritholtz Wealth Management now owns 60,230 shares of the company’s stock valued at $2,606,000 after acquiring an additional 5,480 shares in the last quarter. D Orazio & Associates Inc. bought a new stake in shares of IBEX in the 3rd quarter worth $213,000. Allspring Global Investments Holdings LLC raised its position in IBEX by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,660 shares of the company’s stock worth $1,240,000 after buying an additional 1,125 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of IBEX by 6.6% during the third quarter. Kestra Advisory Services LLC now owns 58,826 shares of the company’s stock valued at $2,545,000 after purchasing an additional 3,656 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about IBEX

Here are the key news stories impacting IBEX this week:

• Positive Sentiment: IBEX raised its FY2027 revenue forecast to $720 million–$735 million, above the roughly $712.3 million consensus estimate. The company attributed the improved outlook in part to accelerating Sierra AI-agent deals. Ibex raises FY 2027 revenue outlook
• Positive Sentiment: First-quarter revenue grew 16% year over year to $175.2 million, topping the $169.3 million consensus estimate. EPS of $1.10 also beat the $0.90 estimate, indicating stronger-than-expected performance. IBEX: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wall Street Zen upgraded IBEX, adding a favorable analyst-rating signal, though the article listing did not specify the new rating. IBEX upgraded at Wall Street Zen
• Positive Sentiment: A Barron’s investor-community post highlighted IBEX reaching a new 52-week high and its AI-powered call-center business, reflecting positive market attention; this is commentary rather than a formal company announcement. A new 52-high in this market!? IBEX

About IBEX

IBEX Limited (NASDAQ: IBEX) is a business process outsourcing and customer experience technology company. It provides customer service, technical support, sales, back-office processing and other digital services for businesses across industries, including communications, healthcare, retail, logistics and financial services.

The company combines customer contact centers, digital engagement channels, analytics and artificial intelligence-enabled tools to help clients manage customer interactions and improve operational efficiency.