Insider Selling: IBEX (NASDAQ:IBEX) Director Sells 1,030 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Patrick Mcginnis sold 1,030 shares of the business’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 sale, the director directly owned 5,833 shares in the company, valued at approximately $184,847.77. This represents a 15.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

IBEX Stock Performance

IBEX stock traded down $0.15 during trading on Friday, reaching $31.71. 35,787 shares of the company were exchanged, compared to its average volume of 129,850. The company has a market cap of $424.56 million, a P/E ratio of 9.93 and a beta of 0.66. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99. The stock’s 50 day moving average price is $29.10 and its 200 day moving average price is $32.77.

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

Hedge Funds Weigh In On IBEX

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

Analysts Set New Price Targets

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

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.