Key Points
- Insider sale: IBEX insider Michael Joseph Darwal sold 1,660 shares at an average price of $34.98 for a total of $58,066.80, reducing his stake by 3.79% to 42,185 shares valued at about $1.48 million.
- Earnings beat: IBEX reported Q results of $0.87 EPS versus $0.78 expected and revenue of $164.22 million versus $155.48 million, with a 31.7% ROE and a 7.35% net margin.
- Market and analyst context: shares opened at $29.80 and were down 1.2%, the company has a market cap of ~$399.6M and a P/E of 9.8, and analysts hold a consensus Hold rating with a $35 target.
IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Michael Joseph Darwal sold 1,660 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $58,066.80. Following the sale, the insider directly owned 42,185 shares of the company's stock, valued at approximately $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
IBEX Trading Down 1.2%
Shares of IBEX stock opened at $29.80 on Friday. The company has a market capitalization of $399.62 million, a P/E ratio of 9.80 and a beta of 0.64. The business's 50 day moving average is $37.03 and its two-hundred day moving average is $35.39. IBEX Limited has a twelve month low of $21.64 and a twelve month high of $42.99.
IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. IBEX had a return on equity of 31.70% and a net margin of 7.35%.The firm had revenue of $164.22 million during the quarter, compared to the consensus estimate of $155.48 million.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of IBEX from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Monday, November 10th. Weiss Ratings lowered IBEX from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 5th. Finally, Wall Street Zen downgraded IBEX from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, IBEX has a consensus rating of "Hold" and a consensus target price of $35.00.
Read Our Latest Analysis on IBEX
Hedge Funds Weigh In On IBEX
Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of IBEX during the 3rd quarter worth approximately $46,000. Penserra Capital Management LLC acquired a new position in shares of IBEX in the third quarter worth $52,000. Empowered Funds LLC acquired a new position in shares of IBEX in the fourth quarter worth $84,000. Clearstead Advisors LLC lifted its position in shares of IBEX by 159.1% in the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company's stock valued at $101,000 after acquiring an additional 1,618 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake 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 acquiring an additional 2,194 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.
About IBEX
(
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.
Further Reading
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