Sierra Summit Advisors LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 23,035 shares of the company’s stock, valued at approximately $879,000.
Several other institutional investors also recently modified their holdings of the stock. Brendel Financial Advisors LLC increased its holdings in shares of IBEX by 3.3% during the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock worth $367,000 after buying an additional 307 shares in the last quarter. Baron Wealth Management LLC increased its holdings in shares of IBEX by 6.1% during the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after buying an additional 312 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of IBEX by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of IBEX by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after buying an additional 434 shares in the last quarter. Finally, Denali Advisors LLC increased its holdings in shares of IBEX by 0.5% during the third quarter. Denali Advisors LLC now owns 104,611 shares of the company’s stock worth $4,239,000 after buying an additional 515 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.
IBEX Stock Up 0.4%
Shares of IBEX stock opened at $31.21 on Thursday. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99. The stock has a market cap of $417.90 million, a price-to-earnings ratio of 9.75 and a beta of 0.66. The company’s fifty day moving average is $28.75 and its 200 day moving average is $32.99.
Analyst Ratings Changes
Several brokerages have recently issued reports on IBEX. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.00.
Read Our Latest Stock Report on IBEX
Insider Buying and Selling at IBEX
In related news, insider Bruce Neil Dawson sold 15,260 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $31.12, for a total value of $474,891.20. Following the sale, the insider owned 61,895 shares of the company’s stock, valued at $1,926,172.40. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 7,800 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.50, for a total transaction of $237,900.00. Following the completion of the sale, the chief executive officer directly owned 285,606 shares in the company, valued at approximately $8,710,983. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,189 shares of company stock worth $986,182. 3.40% of the stock is currently owned by insiders.
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.
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