Y Intercept Hong Kong Ltd increased its holdings in shares of IBEX Limited (NASDAQ:IBEX – Free Report) by 121.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,665 shares of the company’s stock after acquiring an additional 52,526 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.71% of IBEX worth $2,566,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of IBEX. JPMorgan Chase & Co. increased its holdings in shares of IBEX by 37.9% during the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after purchasing an additional 95,595 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of IBEX in the fourth quarter valued at approximately $879,000. North Star Investment Management Corp. acquired a new stake in IBEX during the first quarter worth approximately $536,000. Quantbot Technologies LP increased its stake in IBEX by 18,435.1% during the 2nd quarter. Quantbot Technologies LP now owns 6,858 shares of the company’s stock worth $200,000 after acquiring an additional 6,821 shares during the period. Finally, Empowered Funds LLC bought a new position in IBEX during the 4th quarter worth $84,000. Institutional investors and hedge funds own 81.24% of the company’s stock.
Insider Buying and Selling
In other news, insider Julie K. Casteel sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the sale, the insider owned 117,594 shares of the company’s stock, valued at $3,599,552.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $237,900.00. Following the completion of the sale, the chief executive officer owned 285,606 shares of the company’s stock, valued at $8,710,983. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,783 shares of company stock worth $989,126 over the last three months. Insiders own 3.40% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on IBEX
IBEX Trading Up 1.9%
Shares of IBEX opened at $33.23 on Wednesday. The stock’s 50-day moving average price is $30.69 and its two-hundred day moving average price is $31.75. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The company has a market capitalization of $444.95 million, a PE ratio of 10.38 and a beta of 0.71.
IBEX (NASDAQ:IBEX – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. IBEX had a net margin of 7.53% and a return on equity of 31.50%. The business had revenue of $164.41 million during the quarter, compared to the consensus estimate of $157.00 million.
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.
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