IBEX (NASDAQ:IBEX) Insider Michael Joseph Darwal Sells 1,660 Shares of Stock

IBEX Limited (NASDAQ:IBEX) insider Michael Joseph Darwal sold 1,660 shares of IBEX stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $34.98, for a total transaction of $58,066.80. Following the completion of the transaction, the insider owned 42,185 shares of the company’s stock, valued at $1,475,631.30. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Trading Down 1.2%

Shares of NASDAQ:IBEX opened at $29.80 on Friday. IBEX Limited has a 52 week low of $21.64 and a 52 week high of $42.99. The company’s 50 day moving average is $37.03 and its two-hundred day moving average is $35.39. The company has a market cap of $399.62 million, a PE ratio of 9.80 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. The firm had revenue of $164.22 million during the quarter, compared to the consensus estimate of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Institutional Investors Weigh In On IBEX

Several large investors have recently modified their holdings of IBEX. Advisory Services Network LLC purchased a new position in shares of IBEX during the third quarter worth approximately $46,000. Penserra Capital Management LLC purchased a new stake in IBEX in the 3rd quarter valued at $52,000. Amundi acquired a new stake in IBEX during the 1st quarter worth $74,000. Empowered Funds LLC purchased a new position in IBEX during the 4th quarter worth $84,000. Finally, Clearstead Advisors LLC increased its stake in IBEX by 159.1% in the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after purchasing an additional 1,618 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBEX has been the topic of several research analyst reports. Wall Street Zen lowered IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings cut shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada upped their target price on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, IBEX has a consensus rating of “Hold” and an average price target of $35.00.

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.