Michael Joseph Darwal Sells 1,660 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Michael Joseph Darwal sold 1,660 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $34.98, for a total value of $58,066.80. Following the completion of the transaction, the insider directly owned 42,185 shares of the company’s stock, valued at approximately $1,475,631.30. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

IBEX Trading Down 3.0%

IBEX stock traded down $0.91 during midday trading on Thursday, hitting $29.26. 36,331 shares of the company’s stock were exchanged, compared to its average volume of 146,286. The business has a 50-day simple moving average of $37.17 and a two-hundred day simple moving average of $35.42. The stock has a market capitalization of $392.27 million, a PE ratio of 9.56 and a beta of 0.64. IBEX Limited has a 1-year low of $21.64 and a 1-year high of $42.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBEX. Wall Street Zen lowered shares of IBEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings cut shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada raised their price objective on IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.00.

Institutional Trading of IBEX

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in IBEX by 8.0% in the second quarter. Acadian Asset Management LLC now owns 444,377 shares of the company’s stock valued at $12,924,000 after buying an additional 32,911 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of IBEX by 0.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 389,234 shares of the company’s stock worth $11,327,000 after purchasing an additional 1,844 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IBEX by 8.4% during the fourth quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock valued at $14,392,000 after acquiring an additional 29,358 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of IBEX by 18.6% in the second quarter. Hillsdale Investment Management Inc. now owns 260,500 shares of the company’s stock worth $7,581,000 after acquiring an additional 40,800 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of IBEX by 8.6% in the 3rd quarter. Boston Partners now owns 244,732 shares of the company’s stock valued at $9,917,000 after purchasing an additional 19,395 shares during the last quarter. 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.