Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells 3,600 Shares of Stock

IBEX Limited (NASDAQ:IBEX) insider Julie Casteel sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the sale, the insider directly owned 117,594 shares in the company, valued at approximately $3,599,552.34. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Stock Performance

IBEX stock traded up $0.25 during midday trading on Tuesday, reaching $31.11. 154,999 shares of the stock were exchanged, compared to its average volume of 90,644. The company’s fifty day moving average is $29.97 and its 200-day moving average is $32.34. The firm has a market cap of $416.56 million, a PE ratio of 9.72 and a beta of 0.69. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $164.41 million for 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%.

Wall Street Analysts Forecast Growth

IBEX has been the topic of a number of research analyst reports. 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 reissued a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IBEX currently has an average rating of “Hold” and a consensus price target of $40.00.

Institutional Trading of IBEX

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 95,595 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of IBEX in the 4th quarter worth about $879,000. Allspring Global Investments Holdings LLC increased its stake in shares of IBEX by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 23,945 shares of the company’s stock worth $870,000 after acquiring an additional 2,103 shares in the last quarter. Baron Wealth Management LLC increased its stake in shares of IBEX by 6.1% in the 4th quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after acquiring an additional 312 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of IBEX by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after acquiring an additional 401 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

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.