Insider Selling: IBEX (NASDAQ:IBEX) COO Sells $649,075.00 in Stock

IBEX Limited (NASDAQ:IBEX) COO David Afdahl sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $37.09, for a total transaction of $649,075.00. Following the sale, the chief operating officer owned 140,006 shares of the company’s stock, valued at $5,192,822.54. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IBEX Trading Up 6.8%

Shares of IBEX stock opened at $39.80 on Friday. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The stock has a market cap of $532.92 million, a P/E ratio of 12.72 and a beta of 0.72. The company has a 50 day simple moving average of $35.95 and a two-hundred day simple moving average of $31.77.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. IBEX had a net margin of 7.19% and a return on equity of 29.77%. The business had revenue of $164.27 million for the quarter, compared to analysts’ expectations of $160.02 million.

Institutional Trading of IBEX

Several institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in IBEX in the 3rd quarter worth approximately $46,000. Amundi purchased a new stake in IBEX during the 1st quarter valued at approximately $74,000. Empowered Funds LLC bought a new stake in shares of IBEX during the fourth quarter valued at approximately $84,000. Clearstead Advisors LLC raised its position in shares of IBEX by 159.1% during the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after buying an additional 1,618 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of IBEX by 667.7% in the second quarter. California State Teachers Retirement System now owns 4,161 shares of the company’s stock worth $137,000 after buying an additional 3,619 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Trending Headlines about IBEX

Here are the key news stories impacting IBEX this week:

• Positive Sentiment: Above-consensus fiscal 2027 outlook: IBEX forecast fiscal 2027 revenue of $700 million to $715 million, well above the $678.5 million analyst consensus. First-quarter fiscal 2027 revenue guidance of $168 million to $170 million also exceeded the $161.4 million consensus. The outlook reflects continued growth in AI-powered customer-experience services, including the Sierra AI partnership. IBEX fiscal 2026 results and fiscal 2027 guidance
• Positive Sentiment: Quarterly earnings beat estimates: IBEX reported adjusted earnings of $0.85 per share, topping the $0.84 consensus, while revenue reached $164.27 million versus expectations of $160.02 million. A 7.53% net margin and 31.50% return on equity further support the company’s strong operating performance. IBEX quarterly earnings report
• Positive Sentiment: Price target raised: Robert W. Baird increased its IBEX target from $35 to $40. However, the firm maintained a neutral rating, suggesting limited additional upside at recent trading levels.
• Neutral Sentiment: Short-interest data offers little signal: Reported short interest was zero shares, meaning there is no measurable short-covering catalyst or significant reported bearish positioning.
• Negative Sentiment: COO sold shares: Chief Operating Officer David Afdahl sold 17,500 shares worth approximately $649,075, reducing his direct ownership by 11.11%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which makes it a less concerning signal than a discretionary insider sale. IBEX insider trading filing

Analyst Upgrades and Downgrades

IBEX has been the subject of several recent research reports. Robert W. Baird boosted their price target on IBEX from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen cut IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research note on Friday, July 31st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX currently 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.