UBS Group AG reduced its stake in IBEX Limited (NASDAQ:IBEX – Free Report) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,781 shares of the company’s stock after selling 16,212 shares during the period. UBS Group AG’s holdings in IBEX were worth $2,473,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in IBEX by 37.9% in the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after buying an additional 95,595 shares in the last quarter. Boston Partners raised its stake in IBEX by 8.6% in the third quarter. Boston Partners now owns 244,732 shares of the company’s stock worth $9,917,000 after buying an additional 19,395 shares in the last quarter. Marshall Wace LLP bought a new position in IBEX in the third quarter worth about $7,685,000. Vanguard Group Inc. raised its stake in IBEX by 25.6% in the third quarter. Vanguard Group Inc. now owns 170,736 shares of the company’s stock worth $6,918,000 after buying an additional 34,807 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in IBEX by 7.0% in the third quarter. Two Sigma Investments LP now owns 165,881 shares of the company’s stock worth $6,721,000 after buying an additional 10,868 shares in the last quarter. 81.24% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other IBEX news, insider Bruce Neil Dawson sold 15,260 shares of IBEX stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.12, for a total transaction of $474,891.20. Following the completion of the transaction, the insider owned 61,895 shares in the company, valued at approximately $1,926,172.40. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Thomas Dechant sold 7,800 shares of IBEX stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $30.50, for a total value of $237,900.00. Following the transaction, the chief executive officer owned 285,606 shares of the company’s stock, valued at $8,710,983. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,189 shares of company stock valued at $815,422 in the last quarter. 3.40% of the stock is owned by company insiders.
IBEX Stock Performance
IBEX (NASDAQ:IBEX – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $164.41 million during the quarter, compared to analysts’ expectations of $157.00 million. IBEX had a return on equity of 31.50% and a net margin of 7.53%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Wall Street Zen raised shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.00.
Check Out Our Latest Analysis on IBEX
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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