IBEX Limited (NASDAQ:IBEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of IBEX Limited (NASDAQ:IBEX) have received an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.20.

A number of research analysts have weighed in on IBEX shares. Truist Financial decreased their target price on shares of IBEX from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Robert W. Baird reduced their price objective on IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday. Piper Sandler restated a “neutral” rating and issued a $17.00 target price on shares of IBEX in a report on Friday, February 9th. Finally, TheStreet lowered IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th.

IBEX Stock Up 1.3 %

Shares of NASDAQ IBEX opened at $13.54 on Thursday. IBEX has a 52-week low of $11.45 and a 52-week high of $23.49. The company’s 50-day simple moving average is $14.82 and its 200-day simple moving average is $16.61. The firm has a market cap of $237.90 million, a price-to-earnings ratio of 8.62 and a beta of 0.62.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). IBEX had a return on equity of 20.10% and a net margin of 5.79%. The firm had revenue of $132.63 million for the quarter, compared to analysts’ expectations of $137.38 million. Equities research analysts anticipate that IBEX will post 1.95 EPS for the current fiscal year.

Insider Activity

In other IBEX news, insider Jeffrey Hays Cox sold 7,331 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total value of $117,735.86. Following the transaction, the insider now owns 402,920 shares of the company’s stock, valued at $6,470,895.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBEX. Resource Group International Ltd acquired a new stake in shares of IBEX in the fourth quarter valued at $103,964,000. American Century Companies Inc. grew its position in IBEX by 20.9% in the 3rd quarter. American Century Companies Inc. now owns 1,238,785 shares of the company’s stock valued at $19,139,000 after acquiring an additional 214,484 shares in the last quarter. Wellington Management Group LLP increased its stake in IBEX by 16.6% during the third quarter. Wellington Management Group LLP now owns 719,196 shares of the company’s stock worth $11,112,000 after purchasing an additional 102,500 shares during the period. Circumference Group LLC acquired a new stake in shares of IBEX during the fourth quarter worth about $7,842,000. Finally, AQR Capital Management LLC lifted its position in shares of IBEX by 60.0% during the third quarter. AQR Capital Management LLC now owns 343,663 shares of the company’s stock worth $5,310,000 after purchasing an additional 128,850 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation 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 comprises 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.