Key Points
- IBEX CFO Taylor Greenwald sold 964 shares on May 22 at an average price of $32.02, worth about $30,867. After the sale, Greenwald still held 62,230 shares.
- IBEX recently reported strong quarterly results, posting $0.91 EPS versus the $0.86 estimate and revenue of $164.41 million, above expectations of $157.00 million.
- The stock currently has a consensus Hold rating from analysts, with a price target of $40.00, while institutional ownership remains high at 81.24%.
IBEX Limited (NASDAQ:IBEX - Get Free Report) CFO Taylor Greenwald sold 964 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total value of $30,867.28. Following the sale, the chief financial officer directly owned 62,230 shares of the company's stock, valued at $1,992,604.60. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
IBEX Price Performance
IBEX stock opened at $31.11 on Thursday. The business has a fifty day moving average price of $29.04 and a 200 day moving average price of $32.80. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $42.99. The stock has a market capitalization of $416.56 million, a price-to-earnings ratio of 9.72 and a beta of 0.66.
IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The firm had revenue of $164.41 million during the quarter, compared to analysts' expectations of $157.00 million.
Institutional Investors Weigh In On IBEX
Several hedge funds and other institutional investors have recently made changes to their positions in IBEX. Amundi acquired a new stake in shares of IBEX in the 1st quarter valued at $74,000. AQR Capital Management LLC increased its stake in shares of IBEX by 312.6% in the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock valued at $3,407,000 after buying an additional 105,997 shares during the period. Jane Street Group LLC acquired a new stake in shares of IBEX in the 1st quarter valued at $756,000. Geode Capital Management LLC increased its stake in shares of IBEX by 12.3% in the 2nd quarter. Geode Capital Management LLC now owns 127,735 shares of the company's stock valued at $3,717,000 after buying an additional 13,941 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of IBEX by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 14,320 shares of the company's stock valued at $417,000 after buying an additional 1,466 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of IBEX in a report on Monday, May 4th. Wall Street Zen raised 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, Based on data from MarketBeat, IBEX presently has a consensus rating of "Hold" and a consensus price target of $40.00.
View Our Latest Research Report on IBEX
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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