Julie Casteel Sells 3,600 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Julie Casteel sold 3,600 shares of the business’s stock in a transaction dated 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 owned 117,594 shares in the company, valued at approximately $3,599,552.34. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

IBEX Trading Down 2.0%

Shares of IBEX opened at $30.50 on Thursday. The firm has a market cap of $408.40 million, a P/E ratio of 9.53 and a beta of 0.69. IBEX Limited has a 12-month low of $25.94 and a 12-month high of $42.99. The company’s 50-day moving average price is $30.02 and its 200 day moving average price is $32.31.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $164.41 million for the quarter, compared to analyst estimates of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

Hedge Funds Weigh In On IBEX

Several institutional investors have recently bought and sold shares of IBEX. Marshall Wace LLP acquired a new position in IBEX in the 3rd quarter valued at about $7,685,000. AQR Capital Management LLC grew its position in shares of 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 buying an additional 105,997 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of IBEX by 37.9% during the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after buying an additional 95,595 shares in the last quarter. Invesco Ltd. grew its position in shares of IBEX by 200.2% during the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock worth $3,627,000 after buying an additional 59,694 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of IBEX by 694.7% during the third quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock worth $2,698,000 after buying an additional 58,196 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on IBEX. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

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.