Sierra Summit Advisors LLC Makes New $879,000 Investment in IBEX Limited $IBEX

Sierra Summit Advisors LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,035 shares of the company’s stock, valued at approximately $879,000. Sierra Summit Advisors LLC owned about 0.17% of IBEX as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brendel Financial Advisors LLC lifted its position in IBEX by 3.3% during the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock worth $367,000 after acquiring an additional 307 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of IBEX by 6.1% during the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC increased its holdings in shares of IBEX by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after purchasing an additional 401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of IBEX by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after purchasing an additional 434 shares during the period. Finally, Denali Advisors LLC increased its holdings in shares of IBEX by 0.5% during the third quarter. Denali Advisors LLC now owns 104,611 shares of the company’s stock worth $4,239,000 after purchasing an additional 515 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 7,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $30.50, for a total transaction of $237,900.00. Following the completion of the transaction, the chief executive officer directly owned 285,606 shares in the company, valued at $8,710,983. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Neil Dawson sold 15,260 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,189 shares of company stock valued at $986,182. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on IBEX. Wall Street Zen raised shares of 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.00.

IBEX Stock Up 0.4%

IBEX stock opened at $31.21 on Thursday. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The firm has a market cap of $417.90 million, a P/E ratio of 9.75 and a beta of 0.66. The company’s 50-day moving average price is $28.75 and its two-hundred day moving average price is $32.99.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. IBEX had a net margin of 7.53% and a return on equity of 31.50%. The business had revenue of $164.41 million during the quarter, compared to the consensus estimate of $157.00 million.

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.