IBEX (NASDAQ:IBEX) Director Daniella Ballou-Aares Sells 6,000 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Daniella Ballou-Aares sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $24.22, for a total value of $145,320.00. Following the transaction, the director owned 11,143 shares of the company’s stock, valued at $269,883.46. This represents a 35.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

IBEX Price Performance

Shares of NASDAQ IBEX opened at $29.72 on Friday. The firm has a market capitalization of $398.55 million, a PE ratio of 9.78 and a beta of 0.69. IBEX Limited has a 1-year low of $22.63 and a 1-year high of $42.99. The business’s fifty day moving average price is $28.76 and its two-hundred day moving average price is $34.22.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on IBEX shares. Weiss Ratings downgraded IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IBEX presently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in IBEX during the third quarter worth $46,000. Penserra Capital Management LLC acquired a new stake in shares of IBEX in the third quarter worth $52,000. Amundi acquired a new stake in shares of IBEX in the first quarter valued at about $74,000. Empowered Funds LLC acquired a new stake in IBEX in the 4th quarter valued at approximately $84,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of IBEX by 159.1% during the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock worth $101,000 after buying an additional 1,618 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.