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

by · The Cerbat Gem

IBEX Limited (NASDAQ:IBEX – Get Free Report) insider Julie Casteel sold 3,600 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the transaction, the insider owned 117,594 shares of the company’s stock, valued at approximately $3,599,552.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

IBEX Stock Performance

Shares of IBEX stock traded up $0.25 during trading on Tuesday, hitting $31.11. The company’s stock had a trading volume of 154,999 shares, compared to its average volume of 90,644. The company has a fifty day simple moving average of $29.97 and a two-hundred day simple moving average of $32.34. The company has a market capitalization of $416.56 million, a PE ratio of 9.72 and a beta of 0.69. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99.

IBEX (NASDAQ:IBEX – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $164.41 million during the quarter, compared to analyst estimates of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

Institutional Trading of IBEX

A number of large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its stake in shares of IBEX by 55.2% in the first 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 period. Dimensional Fund Advisors LP increased its position in IBEX by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Watershed Asset Management L.L.C. bought a new stake in IBEX in the first quarter worth $453,000. Allspring Global Investments Holdings LLC increased its position in IBEX by 11.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 26,667 shares of the company’s stock worth $715,000 after purchasing an additional 2,722 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in IBEX by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 32,064 shares of the company’s stock worth $860,000 after purchasing an additional 2,644 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IBEX shares. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Wall Street Zen upgraded 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, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

Read Our Latest Analysis 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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