Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells $110,196.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Julie Casteel sold 3,600 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the transaction, the insider owned 117,594 shares in the company, valued at $3,599,552.34. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IBEX Price Performance

NASDAQ:IBEX opened at $30.22 on Friday. The firm has a 50-day moving average of $30.07 and a two-hundred day moving average of $32.27. The stock has a market cap of $404.65 million, a P/E ratio of 9.44 and a beta of 0.69. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.99.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On IBEX

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in IBEX in the third quarter worth about $46,000. Empowered Funds LLC acquired a new stake in IBEX during the fourth quarter valued at approximately $84,000. Clearstead Advisors LLC raised its stake in 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 in the last quarter. State of Alaska Department of Revenue lifted its holdings in IBEX by 418.7% during the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after buying an additional 2,194 shares during the last quarter. Finally, Amundi bought a new position in IBEX during the 1st quarter worth approximately $74,000. Institutional investors own 81.24% of the company’s stock.

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.