Key Points
- IBEX insider Julie Casteel sold 3,600 shares on June 11 at an average price of $30.61, totaling about $110,196. After the sale, she still held 117,594 shares, a 2.97% reduction in her position.
- IBEX recently beat earnings expectations, reporting Q1 EPS of $0.91 versus the $0.86 consensus and revenue of $164.41 million versus the expected $157 million.
- Wall Street’s view is mixed: analysts currently have a consensus Hold rating on IBEX, with a $40.00 price target, while institutional ownership remains high at 81.24%.
IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Julie Casteel sold 3,600 shares of IBEX stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.61, for a total value of $110,196.00. Following the completion of the sale, the insider directly owned 117,594 shares in the company, valued at approximately $3,599,552.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
IBEX Stock Performance
NASDAQ:IBEX opened at $31.11 on Wednesday. The stock's 50-day simple moving average is $29.97 and its 200 day simple moving average is $32.34. The company has a market cap of $416.56 million, a P/E ratio of 9.72 and a beta of 0.69. IBEX Limited has a 52-week low of $25.94 and a 52-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 (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The business 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
A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC increased its position in IBEX by 55.2% during the first quarter. Lazard Asset Management LLC now owns 89,150 shares of the company's stock worth $2,391,000 after buying an additional 31,697 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of IBEX by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company's stock valued at $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Watershed Asset Management L.L.C. acquired a new position in shares of IBEX in the first quarter valued at approximately $453,000. Allspring Global Investments Holdings LLC grew its position in shares of IBEX by 11.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 26,667 shares of the company's stock valued at $715,000 after purchasing an additional 2,722 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of IBEX by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 32,064 shares of the company's stock valued at $860,000 after purchasing an additional 2,644 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 analysts recently issued reports on IBEX shares. Weiss Ratings reaffirmed 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, Based on data from MarketBeat, IBEX has a consensus rating of "Hold" and a consensus price target of $40.00.
Check Out Our Latest Stock 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.
See Also
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].
