IBEX (NASDAQ:IBEX) CFO Taylor Greenwald Sells 964 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 964 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total value of $30,867.28. Following the sale, the chief financial officer owned 62,230 shares of the company’s stock, valued at approximately $1,992,604.60. The trade was a 1.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Trading Down 3.4%

Shares of IBEX stock opened at $31.11 on Thursday. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The company has a market capitalization of $416.56 million, a P/E ratio of 9.72 and a beta of 0.66. The stock has a 50 day moving average of $29.04 and a two-hundred day moving average of $32.80.

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

Hedge Funds Weigh In On IBEX

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of IBEX by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock worth $14,392,000 after buying an additional 29,358 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of IBEX by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after buying an additional 24,942 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of IBEX by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock worth $10,682,000 after buying an additional 10,571 shares in the last quarter. Boston Partners raised its holdings in shares of IBEX by 12.4% in the 4th quarter. Boston Partners now owns 275,046 shares of the company’s stock worth $10,501,000 after buying an additional 30,314 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of IBEX by 2.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock worth $7,086,000 after buying an additional 7,300 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBEX has been the topic of several recent research reports. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.