Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells $91,892.46 in Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 2,627 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $34.98, for a total transaction of $91,892.46. Following the completion of the sale, the insider owned 27,469 shares in the company, valued at $960,865.62. This represents a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $30.10 on Friday. The stock’s 50-day simple moving average is $36.90 and its two-hundred day simple moving average is $35.39. The stock has a market capitalization of $403.64 million, a price-to-earnings 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 results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. The firm had revenue of $164.22 million during the quarter, compared to analyst estimates of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Hedge Funds Weigh In On IBEX

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in IBEX during the third quarter valued at $46,000. Penserra Capital Management LLC purchased a new stake in IBEX in the 3rd quarter worth $52,000. Empowered Funds LLC bought a new position in shares of IBEX during the 4th quarter valued at about $84,000. Clearstead Advisors LLC grew its position in shares of IBEX by 159.1% during the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after purchasing an additional 1,618 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of IBEX by 418.7% during the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock valued at $103,000 after purchasing an additional 2,194 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

IBEX has been the topic of a number of recent research reports. Weiss Ratings cut IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Royal Bank Of Canada lifted their target price 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, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.00.

IBEX Company 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.