IBEX (NASDAQ:IBEX) Insider Julie Casteel Sells 3,600 Shares of Stock

IBEX Limited (NASDAQ:IBEXGet Free Report) insider Julie Casteel sold 3,600 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.61, for a total value of $110,196.00. Following the completion of the transaction, the insider owned 117,594 shares in the company, valued at $3,599,552.34. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $31.11 on Wednesday. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The company has a market capitalization of $416.56 million, a PE ratio of 9.72 and a beta of 0.69. The company has a 50 day moving average price of $29.97 and a two-hundred day moving average price of $32.34.

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

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of IBEX by 8.4% in the fourth quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock valued at $14,392,000 after purchasing an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of IBEX by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of IBEX by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock valued at $10,682,000 after purchasing an additional 10,571 shares during the last quarter. Boston Partners raised its holdings in shares of IBEX by 12.4% in the fourth quarter. Boston Partners now owns 275,046 shares of the company’s stock valued at $10,501,000 after purchasing an additional 30,314 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of IBEX by 2.8% in the first quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock valued at $7,086,000 after purchasing an additional 7,300 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBEX has been the topic of several recent analyst reports. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.00.

Read Our Latest Research Report on IBEX

IBEX Company Profile

(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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Insider Buying and Selling by Quarter for IBEX (NASDAQ:IBEX)

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