IBEX Limited $IBEX Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its stake in IBEX by 37.9% in Q3, buying 95,595 shares to hold 347,583 shares (about 2.58%) valued at roughly $14.08 million.
• IBEX trades with a market cap of $396.4 million and a P/E of 9.72, and it recently reported an earnings beat — $0.87 EPS vs. $0.78 expected and revenue of $164.22 million vs. $155.48 million, with a return on equity of 31.7%.
• Insider selling totaled 16,287 shares (~$498,499) last quarter (insiders now own 3.40%), institutional investors hold about 81.24% of the stock, and analysts' consensus rating is "Hold" with a $35 target.

JPMorgan Chase & Co. lifted its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 37.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,583 shares of the company's stock after purchasing an additional 95,595 shares during the period. JPMorgan Chase & Co. owned about 2.58% of IBEX worth $14,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBEX. AQR Capital Management LLC increased its holdings in shares of IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock valued at $3,407,000 after purchasing an additional 105,997 shares during the period. Bank of America Corp DE lifted its position in shares of IBEX by 458.2% in the second quarter. Bank of America Corp DE now owns 65,252 shares of the company's stock valued at $1,899,000 after acquiring an additional 53,562 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of IBEX by 93.8% during the second quarter. Qube Research & Technologies Ltd now owns 93,168 shares of the company's stock worth $2,711,000 after buying an additional 45,087 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of IBEX by 18.6% during the second quarter. Hillsdale Investment Management Inc. now owns 260,500 shares of the company's stock worth $7,581,000 after purchasing an additional 40,800 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in IBEX in the 2nd quarter valued at about $1,125,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Trading Up 1.8%

Shares of IBEX stock opened at $29.56 on Thursday. The stock has a market capitalization of $396.40 million, a price-to-earnings ratio of 9.72 and a beta of 0.66. The firm has a fifty day simple moving average of $34.69 and a 200-day simple moving average of $35.47. IBEX Limited has a 1-year low of $21.64 and a 1-year high of $42.99.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. IBEX had a return on equity of 31.70% and a net margin of 7.35%.The firm had revenue of $164.22 million during the quarter, compared to analysts' expectations of $155.48 million.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on IBEX from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Monday, November 10th. Weiss Ratings lowered IBEX from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 5th. Finally, Wall Street Zen upgraded IBEX from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $35.00.

Insider Buying and Selling

In related news, insider Paul Joseph Inson sold 2,627 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $34.98, for a total value of $91,892.46. Following the transaction, the insider owned 27,469 shares in the company, valued at $960,865.62. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Joseph Darwal sold 1,660 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $34.98, for a total transaction of $58,066.80. Following the transaction, the insider owned 42,185 shares of the company's stock, valued at approximately $1,475,631.30. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,287 shares of company stock worth $498,499 in the last quarter. Insiders own 3.40% of the company's stock.

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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