IBEX (NASDAQ:IBEX) Director Patrick Mcginnis Sells 2,500 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Patrick McGinnis sold 2,500 shares of IBEX stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $50.48, for a total transaction of $126,200.00. Following the completion of the sale, the director directly owned 4,585 shares in the company, valued at $231,450.80. This represents a 35.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IBEX Price Performance

NASDAQ IBEX traded up $1.95 on Tuesday, hitting $52.23. The company had a trading volume of 432,801 shares, compared to its average volume of 124,838. The company has a market capitalization of $696.75 million, a PE ratio of 15.83 and a beta of 0.74. The company’s fifty day moving average price is $43.25 and its 200-day moving average price is $34.57. IBEX Limited has a 12-month low of $25.94 and a 12-month high of $52.29.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.20. The company had revenue of $175.23 million during the quarter, compared to analysts’ expectations of $169.31 million. IBEX had a net margin of 7.19% and a return on equity of 28.96%.

Institutional Trading of IBEX

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its stake in IBEX by 55.2% in the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock worth $2,391,000 after purchasing an additional 31,697 shares in the last quarter. Globeflex Capital L P acquired a new position in IBEX during the second quarter worth $3,112,000. Tieton Capital Management LLC acquired a new stake in shares of IBEX in the 2nd quarter worth $8,353,000. Watershed Asset Management L.L.C. purchased a new position in shares of IBEX during the 1st quarter worth $453,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of IBEX by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after purchasing an additional 24,942 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IBEX shares. Weiss Ratings upgraded shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Robert W. Baird boosted their price objective on IBEX from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, September 28th. Finally, Royal Bank Of Canada increased their target price on IBEX from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.50.

Key IBEX News

Here are the key news stories impacting IBEX this week:

• Positive Sentiment: IBEX CEO Bob Dechant and CFO Taylor Greenwald are scheduled to present at the RBC 2026 Global TIMT Conference on November 17. The event offers an opportunity to discuss the business and its outlook, though no new financial guidance was announced. Conference announcement
• Neutral Sentiment: A short-interest report lists zero shares sold short as of November 10, despite characterizing short interest as having increased. If the zero figure is accurate, it indicates little reported short positioning; the conflicting description makes the update difficult to interpret.
• Negative Sentiment: RBC raised its price target to $45 from $40 but maintained a “sector perform” rating. The new target is below the recent share price, implying potential downside and suggesting the analyst sees limited near-term upside at current levels.
• Negative Sentiment: Six IBEX insiders, including CEO Dechant, reported share sales totaling about 31,200 shares. Dechant’s 5,000-share transaction was made under a pre-arranged Rule 10b5-1 plan, and sellers retained shares after their trades; nonetheless, the cluster of sales could weigh on sentiment. CEO filing Insider filing Insider filing Insider filing Insider filing Director filing

IBEX Company Profile

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.