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

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

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 stock was sold at an average price of $31.12, for a total transaction of $474,891.20.

IBEX Stock Down 1.9%

NASDAQ IBEX opened at $30.44 on Thursday. The company has a fifty day moving average of $28.65 and a two-hundred day moving average of $33.24. The firm has a market capitalization of $407.59 million, a price-to-earnings ratio of 9.51 and a beta of 0.66. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently bought and sold shares of IBEX. Marshall Wace LLP acquired a new position in IBEX in the 3rd quarter worth approximately $7,685,000. AQR Capital Management LLC increased its holdings in IBEX by 312.6% in 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. JPMorgan Chase & Co. increased its holdings in IBEX by 37.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after buying an additional 95,595 shares during the period. Invesco Ltd. increased its holdings in IBEX by 200.2% in the 3rd quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock worth $3,627,000 after buying an additional 59,694 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in IBEX by 694.7% in the 3rd quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock worth $2,698,000 after buying an additional 58,196 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.