Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells 15,260 Shares of Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 15,260 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $31.12, for a total transaction of $474,891.20. Following the transaction, the insider owned 61,895 shares of the company’s stock, valued at approximately $1,926,172.40. This represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bruce Neil Dawson also recently made the following trade(s):

• On Monday, May 11th, Bruce Neil Dawson sold 3,129 shares of IBEX stock. The shares were sold at an average price of $32.80, for a total transaction of $102,631.20.

IBEX Price Performance

Shares of IBEX traded down $0.58 during trading hours on Wednesday, hitting $30.44. The stock had a trading volume of 131,450 shares, compared to its average volume of 133,601. The company’s fifty day moving average is $28.62 and its two-hundred day moving average is $33.29. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The stock has a market capitalization of $407.59 million, a price-to-earnings ratio of 9.51 and a beta of 0.66.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business 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 Trading of IBEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi acquired a new position in IBEX during the 1st quarter valued at about $74,000. AQR Capital Management LLC grew its position in shares of IBEX by 312.6% during the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after buying an additional 105,997 shares during the period. Jane Street Group LLC bought a new stake in shares of IBEX during the first quarter worth approximately $756,000. Geode Capital Management LLC raised its stake in shares of IBEX by 12.3% during the second quarter. Geode Capital Management LLC now owns 127,735 shares of the company’s stock worth $3,717,000 after buying an additional 13,941 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in IBEX by 11.4% in the second quarter. Rhumbline Advisers now owns 14,320 shares of the company’s stock valued at $417,000 after buying an additional 1,466 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IBEX. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.