Key Points
- Insider sale: Director Paul Joseph Inson sold 2,627 shares on Feb. 6 at an average price of $34.98 for about $91,892, reducing his position by 8.73% to 27,469 shares (valued ≈ $960,866).
- Earnings beat: IBEX reported Q results of $0.87 EPS versus $0.78 expected and revenue of $164.22M versus $155.48M, with a 7.35% net margin and 31.7% ROE.
- Market and analyst view: shares were down ~3.1%; the consensus rating is Hold with an average target of $35, and the company has a market cap ≈ $404M (P/E ~9.9).
IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Joseph Inson sold 2,627 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $34.98, for a total value of $91,892.46. Following the sale, the insider owned 27,469 shares in the company, valued at $960,865.62. The trade was a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
IBEX Stock Down 3.1%
IBEX stock opened at $30.17 on Thursday. The stock has a 50-day simple moving average of $37.17 and a 200 day simple moving average of $35.42. The stock has a market capitalization of $404.46 million, a price-to-earnings ratio of 9.92 and a beta of 0.64. IBEX Limited has a 12-month low of $21.64 and a 12-month high of $42.99.
IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. IBEX had a net margin of 7.35% and a return on equity of 31.70%. The firm had revenue of $164.22 million during the quarter, compared to analysts' expectations of $155.48 million.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on IBEX shares. Weiss Ratings downgraded IBEX from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 5th. Wall Street Zen lowered IBEX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Royal Bank Of Canada upped their target price on shares of IBEX from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $35.00.
View Our Latest Report on IBEX
Hedge Funds Weigh In On IBEX
Several hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in IBEX during the third quarter worth about $7,685,000. AQR Capital Management LLC boosted its stake in IBEX by 312.6% during the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock worth $3,407,000 after acquiring an additional 105,997 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in IBEX by 37.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company's stock worth $14,084,000 after acquiring an additional 95,595 shares during the last quarter. Invesco Ltd. increased its stake in IBEX by 200.2% in the third quarter. Invesco Ltd. now owns 89,509 shares of the company's stock valued at $3,627,000 after purchasing an additional 59,694 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in IBEX by 694.7% in the third quarter. Squarepoint Ops LLC now owns 66,573 shares of the company's stock worth $2,698,000 after purchasing an additional 58,196 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.
IBEX Company Profile
(
Get Free Report)
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.
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