IBEX (NASDAQ:IBEX) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of IBEX (NASDAQ:IBEXGet Rating) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. The firm currently has $19.00 price objective on the stock.

According to Zacks, “IBEX Limited is a provider of outsourced CX solutions. It offers customer support, technical support, inbound/outbound sales, business intelligence and analytics, digital demand generation and CX surveys and feedback analytics service. IBEX Limited is based in Washington, United States. “

IBEX has been the subject of a number of other research reports. TheStreet upgraded shares of IBEX from a d+ rating to a c- rating in a research note on Thursday, May 5th. Piper Sandler decreased their price target on shares of IBEX from $20.00 to $17.00 and set an overweight rating for the company in a research note on Thursday, May 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $21.00.

Shares of NASDAQ:IBEX opened at $17.98 on Wednesday. The stock has a market cap of $332.13 million, a P/E ratio of 15.37 and a beta of 0.69. The firm has a fifty day moving average price of $15.89 and a 200 day moving average price of $15.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.26. IBEX has a 1-year low of $10.77 and a 1-year high of $23.11.

IBEX (NASDAQ:IBEXGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. IBEX had a net margin of 4.62% and a return on equity of 24.20%. During the same quarter in the previous year, the company posted $0.32 earnings per share. Sell-side analysts expect that IBEX will post 0.91 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of IBEX by 127.5% in the 4th quarter. Bank of America Corp DE now owns 3,156 shares of the company’s stock valued at $41,000 after purchasing an additional 1,769 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of IBEX in the 4th quarter valued at about $60,000. Argent Capital Management LLC purchased a new position in shares of IBEX in the 1st quarter valued at about $200,000. Bank of New York Mellon Corp increased its holdings in shares of IBEX by 10.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,686 shares of the company’s stock valued at $215,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Anchor Capital Advisors LLC purchased a new position in IBEX during the 1st quarter valued at about $348,000. Institutional investors and hedge funds own 47.03% of the company’s stock.

IBEX Company Profile (Get Rating)

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution that comprises customer service, technical support, revenue generation, and other value-added outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that includes digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.

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