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

by · The Cerbat Gem

IBEX Limited (NASDAQ:IBEX – Get Free Report) 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 transaction, the chief financial officer directly owned 62,230 shares of the company’s stock, valued at $1,992,604.60. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

IBEX Trading Down 3.4%

IBEX stock traded down $1.11 during midday trading on Wednesday, reaching $31.11. 129,067 shares of the stock traded hands, compared to its average volume of 131,226. The firm has a fifty day moving average price of $29.00 and a two-hundred day moving average price of $32.84. The firm has a market cap of $416.53 million, a price-to-earnings ratio of 9.72 and a beta of 0.66. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $42.99.

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

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in IBEX. Amundi bought a new stake in shares of IBEX in the 1st quarter worth approximately $74,000. AQR Capital Management LLC raised its holdings in shares of IBEX by 312.6% in the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after purchasing an additional 105,997 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of IBEX in the 1st quarter worth approximately $756,000. Geode Capital Management LLC raised its holdings in shares of IBEX by 12.3% in the 2nd quarter. Geode Capital Management LLC now owns 127,735 shares of the company’s stock worth $3,717,000 after purchasing an additional 13,941 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of IBEX by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 14,320 shares of the company’s stock worth $417,000 after purchasing an additional 1,466 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on IBEX. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.00.

Get Our Latest Analysis on IBEX

About IBEX

(Get Free Report)

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.

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