IBEX (NASDAQ:IBEX) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of IBEX (NASDAQ:IBEX) from a strong-buy rating to a buy rating in a research report report published on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Royal Bank Of Canada boosted 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. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

IBEX Trading Up 2.3%

Shares of IBEX stock opened at $34.98 on Friday. IBEX has a fifty-two week low of $21.64 and a fifty-two week high of $42.99. The firm has a market cap of $471.18 million, a PE ratio of 11.51 and a beta of 0.64. The business’s fifty day moving average is $37.39 and its two-hundred day moving average is $35.40. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX) last released its earnings results 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 32.91% and a net margin of 7.35%.The firm had revenue of $164.22 million during the quarter, compared to analyst estimates of $155.48 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of IBEX in the third quarter worth about $46,000. Penserra Capital Management LLC purchased a new position in IBEX in the 3rd quarter worth approximately $52,000. Amundi purchased a new position in IBEX in the 1st quarter worth approximately $74,000. State of Alaska Department of Revenue grew its position in IBEX by 418.7% in the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock valued at $103,000 after acquiring an additional 2,194 shares in the last quarter. Finally, CWM LLC raised its stake in shares of IBEX by 53.3% during the second quarter. CWM LLC now owns 4,373 shares of the company’s stock valued at $127,000 after purchasing an additional 1,520 shares during the period. 81.24% of the stock is owned by hedge funds and other 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.