Royce & Associates LP Decreases Stock Holdings in IBEX Limited $IBEX

Royce & Associates LP decreased its stake in shares of IBEX Limited (NASDAQ:IBEX) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,338 shares of the company’s stock after selling 68,491 shares during the period. Royce & Associates LP’s holdings in IBEX were worth $12,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi purchased a new stake in IBEX during the 1st quarter valued at $74,000. AQR Capital Management LLC grew its holdings in shares of IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after acquiring an additional 105,997 shares during the period. Jane Street Group LLC purchased a new stake in IBEX during the first quarter valued at $756,000. Y Intercept Hong Kong Ltd lifted its holdings in IBEX by 121.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 33,907 shares of the company’s stock valued at $987,000 after acquiring an additional 18,606 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in IBEX by 18.7% in the second quarter. Pinnacle Associates Ltd. now owns 36,220 shares of the company’s stock worth $1,054,000 after purchasing an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

IBEX has been the subject of several research reports. Weiss Ratings lowered shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Royal Bank Of Canada upped their target price on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Three equities research 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 a consensus price target of $35.00.

Insider Buying and Selling at IBEX

In related news, insider Paul Joseph Inson sold 2,627 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $34.98, for a total transaction of $91,892.46. Following the completion of the sale, the insider owned 27,469 shares in the company, valued at approximately $960,865.62. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Joseph Darwal sold 1,660 shares of IBEX stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $58,066.80. Following the sale, the insider directly owned 42,185 shares in the company, valued at $1,475,631.30. This trade represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,287 shares of company stock valued at $498,499 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $29.03 on Tuesday. The company has a market capitalization of $389.18 million, a P/E ratio of 9.55 and a beta of 0.64. IBEX Limited has a 1-year low of $21.64 and a 1-year high of $42.99. The firm’s 50 day simple moving average is $35.07 and its two-hundred day simple moving average is $35.51.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. IBEX had a net margin of 7.35% and a return on equity of 31.70%. The firm had revenue of $164.22 million during the quarter, compared to analysts’ expectations of $155.48 million.

IBEX Company Profile

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.