IBEX (NASDAQ:IBEX) Director Patrick Mcginnis Sells 1,030 Shares

by · The Cerbat Gem

IBEX Limited (NASDAQ:IBEX – Get Free Report) Director Patrick Mcginnis sold 1,030 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $31.69, for a total transaction of $32,640.70. Following the completion of the transaction, the director directly owned 5,833 shares in the company, valued at $184,847.77. This represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

IBEX Stock Performance

Shares of NASDAQ IBEX traded down $0.15 during midday trading on Friday, reaching $31.71. 35,787 shares of the stock were exchanged, compared to its average volume of 129,850. The company has a 50 day simple moving average of $29.10 and a 200 day simple moving average of $32.77. The stock has a market capitalization of $424.56 million, a P/E ratio of 9.93 and a beta of 0.66. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99.

IBEX (NASDAQ:IBEX – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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.

Wall Street Analyst Weigh In

IBEX has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of IBEX in a research report 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX has an average rating of “Hold” and an average price target of $40.00.

Read Our Latest Analysis on IBEX

Institutional Trading of IBEX

Large investors have recently bought and sold shares of the business. Brendel Financial Advisors LLC increased its stake in shares of IBEX by 3.3% during the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock worth $367,000 after acquiring an additional 307 shares during the period. Baron Wealth Management LLC boosted its holdings in IBEX by 6.1% during the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after buying an additional 312 shares in the last quarter. SG Americas Securities LLC boosted its holdings in IBEX by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares in the last quarter. Ieq Capital LLC boosted its holdings in IBEX by 3.8% during the fourth quarter. Ieq Capital LLC now owns 11,772 shares of the company’s stock worth $449,000 after buying an additional 429 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in IBEX by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after buying an additional 434 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

About IBEX

(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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