IBEX (NASDAQ:IBEX) Insider Sells $474,891.20 in Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 15,260 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $31.12, for a total value of $474,891.20. Following the transaction, the insider directly owned 61,895 shares in the company, valued at approximately $1,926,172.40. This trade represents a 19.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bruce Neil Dawson also recently made the following trade(s):

• On Monday, May 11th, Bruce Neil Dawson sold 3,129 shares of IBEX stock. The stock was sold at an average price of $32.80, for a total value of $102,631.20.

IBEX Stock Up 1.0%

Shares of NASDAQ IBEX opened at $30.56 on Friday. The business’s 50 day moving average price is $28.69 and its two-hundred day moving average price is $33.16. The company has a market cap of $409.20 million, a PE ratio of 9.55 and a beta of 0.66. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99.

IBEX (NASDAQ:IBEX) last announced its quarterly 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 firm had revenue of $164.41 million for the quarter, compared to the consensus estimate of $157.00 million. IBEX had a return on equity of 31.50% and a net margin of 7.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IBEX shares. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, IBEX presently has an average rating of “Hold” and a consensus target price of $40.00.

Institutional Investors Weigh In On IBEX

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted 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 buying an additional 29,358 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of IBEX by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after buying an additional 24,942 shares during the period. Wells Fargo & Company MN boosted its stake in shares of IBEX by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock valued at $10,682,000 after buying an additional 10,571 shares during the period. Boston Partners boosted its stake in shares of IBEX by 12.4% in the fourth quarter. Boston Partners now owns 275,046 shares of the company’s stock valued at $10,501,000 after buying an additional 30,314 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of IBEX by 2.8% in the first quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock valued at $7,086,000 after buying an additional 7,300 shares during the period. 81.24% of the stock is currently 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.