Lazard Asset Management LLC Raises Stock Holdings in IBEX Limited $IBEX

Lazard Asset Management LLC raised its stake in IBEX Limited (NASDAQ:IBEX) by 55.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,150 shares of the company’s stock after purchasing an additional 31,697 shares during the period. Lazard Asset Management LLC’s holdings in IBEX were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of IBEX by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock worth $14,392,000 after buying an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in IBEX by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after acquiring an additional 24,942 shares during the last quarter. Wells Fargo & Company MN lifted its position in IBEX by 3.9% during the fourth quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock valued at $10,682,000 after acquiring an additional 10,571 shares during the last quarter. Boston Partners boosted its stake in IBEX by 12.4% in the fourth quarter. Boston Partners now owns 275,046 shares of the company’s stock valued at $10,501,000 after acquiring an additional 30,314 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in IBEX by 2.8% in the first 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 last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Price Performance

NASDAQ IBEX opened at $35.34 on Monday. The stock’s fifty day moving average price is $32.17 and its 200 day moving average price is $31.27. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.99. The company has a market cap of $473.20 million, a price-to-earnings ratio of 11.04 and a beta of 0.69.

IBEX (NASDAQ:IBEX) last released its earnings results on Thursday, May 7th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The firm had revenue of $164.41 million during the quarter, compared to the consensus estimate of $157.00 million.

Insider Activity at IBEX

In other IBEX news, Director Patrick Mcginnis sold 1,030 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $31.69, for a total value of $32,640.70. Following the completion of the transaction, the director directly owned 5,833 shares of the company’s stock, valued at approximately $184,847.77. The trade was a 15.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Taylor C. Greenwald sold 964 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $32.02, for a total transaction of $30,867.28. Following the sale, the chief financial officer directly owned 62,230 shares in the company, valued at $1,992,604.60. The trade was a 1.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,783 shares of company stock worth $989,126 in the last three months. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.00.

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.