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 firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $58,066.80. Following the completion of the sale, the insider owned 42,185 shares of the company’s stock, valued at approximately $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $30.10 on Friday. The business’s 50 day simple moving average is $36.90 and its two-hundred day simple moving average is $35.39. The firm has a market cap of $403.64 million, a P/E ratio of 9.90 and a beta of 0.64. IBEX Limited has a 52-week low of $21.64 and a 52-week high of $42.99.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.87 EPS for the quarter, beating 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 the consensus estimate of $155.48 million.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in shares of IBEX in the 3rd quarter worth approximately $7,685,000. AQR Capital Management LLC lifted its holdings in IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after acquiring an additional 105,997 shares during the period. JPMorgan Chase & Co. boosted its position in IBEX by 37.9% in the third 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 last quarter. Invesco Ltd. boosted its position in IBEX by 200.2% in the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock worth $3,627,000 after purchasing an additional 59,694 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in IBEX by 694.7% in the 3rd quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock valued at $2,698,000 after purchasing an additional 58,196 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

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

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.