102,475 Shares in IBEX Limited $IBEX Purchased by Globeflex Capital L P

Key Points

• Globeflex Capital acquired 102,475 IBEX shares worth approximately $3.1 million, representing about 0.77% of the company. Institutional investors collectively own 81.24% of IBEX.
• Analysts maintain a consensus “Hold” rating, with an average price target of $40.00.
• Insiders sold shares in two disclosed transactions, while IBEX stock recently traded at $36.56, within its 52-week range of $25.94 to $42.99.

Globeflex Capital L P acquired a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 102,475 shares of the company's stock, valued at approximately $3,112,000. Globeflex Capital L P owned about 0.77% of IBEX at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of IBEX by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company's stock valued at $14,392,000 after purchasing an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company's stock valued at $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Wells Fargo & Company MN raised its holdings in IBEX by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 279,770 shares of the company's stock valued at $10,682,000 after buying an additional 10,571 shares during the period. Boston Partners raised its holdings in IBEX by 12.4% during the 4th quarter. Boston Partners now owns 275,046 shares of the company's stock valued at $10,501,000 after buying an additional 30,314 shares during the period. Finally, Tieton Capital Management LLC bought a new stake in IBEX in the second quarter worth $8,353,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of IBEX in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $40.00.

Insider Buying and Selling at IBEX

In other news, insider Julie K. Casteel sold 3,600 shares of the business's stock in a transaction 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick Mcginnis sold 1,030 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $31.69, for a total transaction of $32,640.70. Following the completion of the transaction, the director owned 5,833 shares in the company, valued at approximately $184,847.77. The trade was a 15.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is currently owned by company insiders.

IBEX Stock Performance

Shares of IBEX stock opened at $36.56 on Monday. The stock has a 50 day moving average price of $33.69 and a 200 day moving average price of $31.08. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99. The firm has a market capitalization of $489.54 million, a P/E ratio of 11.43 and a beta of 0.69.

IBEX 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source