IBEX (NASDAQ:IBEX – Free Report) had its target price lifted by Robert W. Baird from $35.00 to $40.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research report on Friday, July 31st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.00.
View Our Latest Stock Report on IBEX
IBEX Stock Performance
IBEX (NASDAQ:IBEX – Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. IBEX had a return on equity of 28.96% and a net margin of 7.19%.The company had revenue of $164.27 million for the quarter, compared to analysts’ expectations of $160.02 million.
Insider Activity at IBEX
In related news, COO David Afdahl sold 17,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $37.09, for a total transaction of $649,075.00. Following the transaction, the chief operating officer directly owned 140,006 shares in the company, valued at approximately $5,192,822.54. This represents a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.40% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of IBEX. Lazard Asset Management LLC lifted its stake in shares of IBEX by 55.2% during the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock worth $2,391,000 after acquiring an additional 31,697 shares during the last quarter. Globeflex Capital L P bought a new position in IBEX in the 2nd quarter valued at $3,112,000. Tieton Capital Management LLC bought a new position in IBEX in the 2nd quarter valued at $8,353,000. Sierra Summit Advisors LLC purchased a new stake in IBEX in the fourth quarter worth $879,000. Finally, Y Intercept Hong Kong Ltd increased its stake in IBEX by 121.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 95,665 shares of the company’s stock worth $2,566,000 after purchasing an additional 52,526 shares during the period. Institutional investors own 81.24% of the company’s stock.
Key Stories Impacting IBEX
Here are the key news stories impacting IBEX this week:
- Positive Sentiment: Above-consensus fiscal 2027 outlook: IBEX forecast fiscal 2027 revenue of $700 million to $715 million, well above the $678.5 million analyst consensus. First-quarter fiscal 2027 revenue guidance of $168 million to $170 million also exceeded the $161.4 million consensus. The outlook reflects continued growth in AI-powered customer-experience services, including the Sierra AI partnership. IBEX fiscal 2026 results and fiscal 2027 guidance
- Positive Sentiment: Quarterly earnings beat estimates: IBEX reported adjusted earnings of $0.85 per share, topping the $0.84 consensus, while revenue reached $164.27 million versus expectations of $160.02 million. A 7.53% net margin and 31.50% return on equity further support the company’s strong operating performance. IBEX quarterly earnings report
- Positive Sentiment: Price target raised: Robert W. Baird increased its IBEX target from $35 to $40. However, the firm maintained a neutral rating, suggesting limited additional upside at recent trading levels.
- Neutral Sentiment: Short-interest data offers little signal: Reported short interest was zero shares, meaning there is no measurable short-covering catalyst or significant reported bearish positioning.
- Negative Sentiment: COO sold shares: Chief Operating Officer David Afdahl sold 17,500 shares worth approximately $649,075, reducing his direct ownership by 11.11%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which makes it a less concerning signal than a discretionary insider sale. IBEX insider trading filing
About IBEX
IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.
The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.
IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.
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