IBEX (NASDAQ:IBEX) COO Sells $649,075.00 in Stock

IBEX Limited (NASDAQ:IBEX) COO David Afdahl sold 17,500 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $37.09, for a total value of $649,075.00. Following the completion of the transaction, the chief operating officer owned 140,006 shares of the company’s stock, valued at $5,192,822.54. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IBEX Price Performance

NASDAQ IBEX traded up $0.22 during trading hours on Thursday, reaching $37.26. The company’s stock had a trading volume of 182,012 shares, compared to its average volume of 98,808. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The firm has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $31.66. The stock has a market cap of $498.91 million, a P/E ratio of 11.64 and a beta of 0.72.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Friday, September 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $164.27 million during the quarter, compared to the consensus estimate of $160.02 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC purchased a new stake in IBEX during the second quarter valued at about $8,353,000. Marshall Wace LLP bought a new position in IBEX in the 3rd quarter valued at $7,685,000. AQR Capital Management LLC grew its position in shares of IBEX by 312.6% during the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after purchasing an additional 105,997 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of IBEX in the second quarter worth $3,112,000. Finally, Invesco Ltd. boosted its stake in IBEX by 200.2% during the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after buying an additional 59,694 shares during the period. Hedge funds and other institutional investors 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.