Royce & Associates LP Reduces Position in IBEX Limited $IBEX

Royce & Associates LP cut its position in shares of IBEX Limited (NASDAQ:IBEX) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,172 shares of the company’s stock after selling 33,166 shares during the period. Royce & Associates LP owned approximately 2.11% of IBEX worth $10,850,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IBEX. Advisory Services Network LLC purchased a new position in shares of IBEX during the 3rd quarter worth about $46,000. Penserra Capital Management LLC bought a new stake in IBEX during the 3rd quarter valued at about $52,000. Amundi bought a new stake in IBEX during the 1st quarter valued at about $74,000. Clearstead Advisors LLC lifted its holdings in IBEX by 159.1% during 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 in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in IBEX by 418.7% during the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock valued at $103,000 after buying an additional 2,194 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Trading Down 3.4%

Shares of NASDAQ IBEX opened at $31.11 on Thursday. The stock has a market capitalization of $416.56 million, a PE ratio of 9.72 and a beta of 0.66. The stock’s fifty day simple moving average is $29.04 and its two-hundred day simple moving average is $32.80. IBEX Limited has a 12-month low of $25.94 and a 12-month high of $42.99.

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

Analysts Set New Price Targets

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

Insider Transactions at IBEX

In other news, CEO Robert Thomas Dechant sold 7,800 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.50, for a total value of $237,900.00. Following the completion of the transaction, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce Neil Dawson sold 15,260 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.12, for a total value of $474,891.20. Following the completion of the transaction, the insider directly owned 61,895 shares of the company’s stock, valued at approximately $1,926,172.40. The trade was a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,153 shares of company stock valued at $846,290. Corporate insiders own 3.40% of the company’s stock.

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.