Bruce Neil Dawson Sells 3,129 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 3,129 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $32.80, for a total value of $102,631.20. Following the sale, the insider directly owned 77,155 shares of the company’s stock, valued at $2,530,684. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 12th, Bruce Neil Dawson sold 15,260 shares of IBEX stock. The shares were sold at an average price of $31.12, for a total value of $474,891.20.

IBEX Stock Down 1.9%

IBEX stock traded down $0.58 during midday trading on Wednesday, reaching $30.44. 131,450 shares of the company’s stock traded hands, compared to its average volume of 133,603. The company has a 50-day simple moving average of $28.62 and a two-hundred day simple moving average of $33.29. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.99. The company has a market cap of $407.59 million, a price-to-earnings ratio of 9.51 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 return on equity of 31.50% and a net margin of 7.53%.The firm had revenue of $164.41 million during the quarter, compared to analysts’ expectations of $157.00 million.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBEX. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of IBEX in the 3rd quarter valued at $46,000. Penserra Capital Management LLC acquired a new stake in shares of IBEX in the 3rd quarter valued at $52,000. Amundi acquired a new stake in shares of IBEX in the 1st quarter valued at $74,000. Empowered Funds LLC acquired a new stake in shares of IBEX in the 4th quarter valued at $84,000. Finally, Clearstead Advisors LLC increased its stake in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after buying an additional 1,618 shares during the period. 81.24% of the stock is 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.