Key Points
- Director Patrick McGinnis sold 1,030 IBEX shares on May 28 at an average price of $31.69, totaling about $32,640.70. After the sale, he still owned 5,833 shares, a 15.01% reduction in his position.
- IBEX reported stronger-than-expected quarterly results, posting earnings of $0.91 per share versus the $0.86 consensus estimate and revenue of $164.41 million versus expectations of $157.00 million.
- Analysts remain cautious on the stock, with a consensus rating of “Hold” and an average price target of $40.00, even as IBEX trades near $31.64 and sits below its 200-day moving average.
IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Patrick Mcginnis sold 1,030 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $31.69, for a total value of $32,640.70. Following the transaction, the director directly owned 5,833 shares in the company, valued at approximately $184,847.77. This represents a 15.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
IBEX Stock Performance
NASDAQ IBEX opened at $31.64 on Friday. The company has a market cap of $423.63 million, a P/E ratio of 9.89 and a beta of 0.66. The business's 50 day moving average price is $29.16 and its 200-day moving average price is $32.76. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $42.99.
IBEX (NASDAQ:IBEX - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $164.41 million for the quarter, compared to the consensus estimate of $157.00 million. IBEX had a return on equity of 31.50% and a net margin of 7.53%.
Hedge Funds Weigh In On IBEX
Several hedge funds have recently bought and sold shares of IBEX. Advisory Services Network LLC bought a new position in IBEX in the 3rd quarter valued at $46,000. Penserra Capital Management LLC bought a new position in IBEX in the 3rd quarter valued at $52,000. Amundi bought a new position in IBEX in the 1st quarter valued at $74,000. Empowered Funds LLC bought a new position in IBEX in the 4th quarter valued at $84,000. Finally, Clearstead Advisors LLC grew its position in IBEX by 159.1% in the 4th 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 during the last quarter. Institutional investors own 81.24% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on IBEX. Weiss Ratings reissued a "hold (c+)" rating on shares of IBEX in a research report on Monday, May 4th. Wall Street Zen raised IBEX from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $40.00.
Check Out Our Latest Stock Analysis 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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