Insider Selling: IBEX (NASDAQ:IBEX) CFO Sells $30,867.28 in Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 964 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $32.02, for a total transaction of $30,867.28. Following the completion of the sale, the chief financial officer directly owned 62,230 shares of the company’s stock, valued at approximately $1,992,604.60. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Price Performance

IBEX stock opened at $31.64 on Friday. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.99. The stock has a market cap of $423.66 million, a price-to-earnings ratio of 9.89 and a beta of 0.66. The firm has a 50-day moving average of $29.16 and a two-hundred day moving average of $32.76.

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

Institutional Investors Weigh In On IBEX

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC grew its position in shares of IBEX by 55.2% in the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock worth $2,391,000 after buying an additional 31,697 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of IBEX by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after buying an additional 24,942 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new position in shares of IBEX in the 1st quarter worth approximately $453,000. Allspring Global Investments Holdings LLC grew its position in shares of IBEX by 11.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,667 shares of the company’s stock worth $715,000 after buying an additional 2,722 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of IBEX by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 32,064 shares of the company’s stock worth $860,000 after buying an additional 2,644 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBEX. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IBEX has a consensus rating of “Hold” and a consensus price target of $40.00.

About IBEX

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.