Key Points
- IBEX insider Bruce Neil Dawson sold 15,260 shares on May 12 at an average price of $31.12, totaling about $474,891.20. The sale reduced his ownership by 19.78% to 61,895 shares.
- Dawson also sold 3,129 shares the previous day at an average price of $32.80, adding to the recent insider selling activity.
- IBEX recently beat quarterly earnings and revenue estimates, reporting $0.91 EPS versus $0.86 expected and $164.41 million in revenue versus $157.00 million expected. Analysts currently rate the stock a consensus Hold with a $40 price target.
IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Bruce Neil Dawson sold 3,129 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $32.80, for a total transaction of $102,631.20. Following the sale, the insider directly owned 77,155 shares in the company, valued at $2,530,684. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bruce Neil Dawson also recently made the following trade(s):
- On Tuesday, May 12th, Bruce Neil Dawson sold 15,260 shares of IBEX stock. The stock was sold at an average price of $31.12, for a total transaction of $474,891.20.
IBEX Price Performance
Shares of NASDAQ IBEX opened at $30.44 on Thursday. The stock has a market capitalization of $407.59 million, a price-to-earnings ratio of 9.51 and a beta of 0.66. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The firm's 50 day simple moving average is $28.65 and its 200-day simple moving average is $33.24.
IBEX (NASDAQ:IBEX - Get Free Report) last issued 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. The business had revenue of $164.41 million for the quarter, compared to analysts' expectations of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.
Institutional Investors Weigh In On IBEX
A number of institutional investors have recently added to or reduced their stakes in IBEX. Marshall Wace LLP acquired a new stake in IBEX in the 3rd quarter valued at $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 purchasing 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 purchasing an additional 95,595 shares during the last quarter. Invesco Ltd. boosted its stake in IBEX by 200.2% during the 3rd quarter. Invesco Ltd. now owns 89,509 shares of the company's stock worth $3,627,000 after purchasing an additional 59,694 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in IBEX by 694.7% during the 3rd 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 last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of IBEX in a research note on Monday, May 4th. Wall Street Zen raised shares of IBEX from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX presently has an average rating of "Hold" and a consensus target price of $40.00.
View Our Latest Stock Report on IBEX
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
