102,475 Shares in IBEX Limited $IBEX Purchased by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of IBEX Limited (NASDAQ:IBEX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 102,475 shares of the company’s stock, valued at approximately $3,112,000. Globeflex Capital L P owned about 0.77% of IBEX at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of IBEX by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock valued at $14,392,000 after purchasing an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Wells Fargo & Company MN raised its holdings in IBEX by 3.9% during the 4th 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 raised its holdings in IBEX by 12.4% during the 4th 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, Tieton Capital Management LLC bought a new stake in IBEX in the second quarter worth $8,353,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Insider Buying and Selling at IBEX

In other news, insider Julie K. Casteel sold 3,600 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $3,599,552.34. The trade was a 2.97% 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 this link. Also, Director Patrick Mcginnis sold 1,030 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $31.69, for a total transaction of $32,640.70. Following the completion of the transaction, the director owned 5,833 shares in the company, valued at approximately $184,847.77. The trade was a 15.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is currently owned by company insiders.

IBEX Stock Performance

Shares of IBEX stock opened at $36.56 on Monday. The stock has a 50 day moving average price of $33.69 and a 200 day moving average price of $31.08. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99. The firm has a market capitalization of $489.54 million, a P/E ratio of 11.43 and a beta of 0.69.

IBEX 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.