Key Points
- IBEX COO David Afdahl sold 10,819 shares at an average price of $40.07, generating approximately $433,517. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 7.73% to 129,187 shares.
- IBEX exceeded quarterly expectations, reporting $0.85 in EPS versus the $0.84 consensus and revenue of $164.27 million versus estimates of $160.02 million.
- Analysts maintain a generally neutral outlook: IBEX has a consensus “Hold” rating and a $40.00 target price, while institutional investors own 81.24% of the company.
IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Inson sold 2,274 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $40.00, for a total value of $90,960.00. Following the completion of the transaction, the insider directly owned 29,724 shares of the company's stock, valued at $1,188,960. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
IBEX Stock Up 0.8%
Shares of IBEX stock opened at $40.80 on Wednesday. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.40. The firm's 50 day moving average is $36.26 and its two-hundred day moving average is $31.97. The firm has a market capitalization of $541.82 million, a P/E ratio of 13.04 and a beta of 0.72.
IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. IBEX had a net margin of 7.19% and a return on equity of 28.96%. The business had revenue of $164.27 million during the quarter, compared to the consensus estimate of $160.02 million.
Analyst Upgrades and Downgrades
IBEX has been the subject of a number of research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of IBEX in a research report on Friday, July 31st. Robert W. Baird raised their price objective on IBEX from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 11th. Finally, Wall Street Zen cut IBEX from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $40.00.
Check Out Our Latest Stock Analysis on IBEX
Hedge Funds Weigh In On IBEX
A number of institutional investors have recently modified their holdings of IBEX. Dimensional Fund Advisors LP raised its position in IBEX by 7.5% in the 1st 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. Tieton Capital Management LLC acquired a new stake in IBEX during the 2nd quarter worth $8,353,000. Hillsdale Investment Management Inc. boosted its stake in IBEX by 2.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company's stock worth $7,086,000 after purchasing an additional 7,300 shares during the period. Globeflex Capital L P purchased a new position in IBEX during the 2nd quarter worth $3,112,000. Finally, Los Angeles Capital Management LLC grew its position in IBEX by 25.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 68,825 shares of the company's stock worth $2,591,000 after purchasing an additional 13,807 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.
About IBEX
(
Get Free Report)
IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.
The company's services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.
IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.
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