IBEX (NASDAQ:IBEX) Insider Paul Joseph Inson Sells 2,627 Shares of Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 2,627 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 transaction of $91,892.46. Following the transaction, the insider directly owned 27,469 shares in the company, valued at $960,865.62. This trade represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

IBEX Price Performance

Shares of IBEX stock opened at $30.17 on Thursday. The company has a market cap of $404.46 million, a PE ratio of 9.92 and a beta of 0.64. The firm has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $35.42. IBEX Limited has a fifty-two week low of $21.64 and a fifty-two week high of $42.99.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On IBEX

Several large investors have recently made changes to their positions in IBEX. Nuveen LLC increased its position in shares of IBEX by 8.0% during the 4th quarter. Nuveen LLC now owns 103,904 shares of the company’s stock worth $3,967,000 after purchasing an additional 7,715 shares in the last quarter. Empowered Funds LLC bought a new stake in IBEX during the fourth quarter worth about $84,000. LPL Financial LLC grew its stake in IBEX by 13.9% during the fourth quarter. LPL Financial LLC now owns 5,745 shares of the company’s stock worth $219,000 after buying an additional 699 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of IBEX by 9.5% during the fourth quarter. Franklin Resources Inc. now owns 181,941 shares of the company’s stock worth $6,947,000 after buying an additional 15,769 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of IBEX by 8.4% in 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. Institutional investors own 81.24% 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.