IBEX Limited (NASDAQ:IBEX – Get Free Report) COO David Afdahl sold 17,500 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $37.09, for a total value of $649,075.00. Following the completion of the transaction, the chief operating officer owned 140,006 shares of the company’s stock, valued at $5,192,822.54. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
IBEX Price Performance
NASDAQ IBEX traded up $0.22 during trading hours on Thursday, reaching $37.26. The company’s stock had a trading volume of 182,012 shares, compared to its average volume of 98,808. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The firm has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $31.66. The stock has a market cap of $498.91 million, a P/E ratio of 11.64 and a beta of 0.72.
IBEX (NASDAQ:IBEX – Get Free Report) last released its quarterly earnings results on Friday, September 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $164.27 million during the quarter, compared to the consensus estimate of $160.02 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.
Get Our Latest Research Report on IBEX
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC purchased a new stake in IBEX during the second quarter valued at about $8,353,000. Marshall Wace LLP bought a new position in IBEX in the 3rd quarter valued at $7,685,000. AQR Capital Management LLC grew its position in shares of IBEX by 312.6% during the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after purchasing an additional 105,997 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of IBEX in the second quarter worth $3,112,000. Finally, Invesco Ltd. boosted its stake in IBEX by 200.2% during the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after buying an additional 59,694 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.
IBEX Company Profile
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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