JPMorgan Chase & Co. Raises Stake in IBEX Limited $IBEX

Key Points

• JPMorgan Chase boosted its stake in IBEX by 37.9% in Q3 to 347,583 shares (about 2.58% ownership), worth roughly $14.08 million.
• IBEX beat quarterly expectations with EPS $0.87 vs $0.78 consensus and revenue of $164.22M vs $155.48M; the stock has a market cap of $358.18M, a P/E of 8.79 and a 52‑week range of $21.64–$42.99.
• Company insiders have been net sellers, disposing of 16,287 shares worth about $498,499 in the past 90 days (including two sales on Feb. 6), leaving insiders with 3.40% ownership.

JPMorgan Chase & Co. boosted its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 37.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 347,583 shares of the company's stock after buying an additional 95,595 shares during the period. JPMorgan Chase & Co. owned approximately 2.58% of IBEX worth $14,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of IBEX in the third quarter worth $46,000. Penserra Capital Management LLC purchased a new position in shares of IBEX in the 3rd quarter valued at $52,000. Amundi acquired a new position in shares of IBEX during the 1st quarter valued at $74,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock worth $159,000 after purchasing an additional 434 shares during the period. Finally, Quantbot Technologies LP boosted its position 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 purchasing an additional 6,821 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at IBEX

In related news, insider Michael Joseph Darwal sold 1,660 shares of the business'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 $58,066.80. Following the transaction, the insider owned 42,185 shares in the company, valued at approximately $1,475,631.30. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Joseph Inson sold 2,627 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $91,892.46. Following the completion of the transaction, the insider directly owned 27,469 shares of the company's stock, valued at $960,865.62. This represents a 8.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,287 shares of company stock valued at $498,499 in the last ninety days. Insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on IBEX. Weiss Ratings lowered IBEX from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 5th. Wall Street Zen raised IBEX from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $35.00.

IBEX Trading Down 0.3%

NASDAQ IBEX opened at $26.71 on Friday. The company's fifty day simple moving average is $31.68 and its 200-day simple moving average is $35.35. IBEX Limited has a 52 week low of $21.64 and a 52 week high of $42.99. The stock has a market cap of $358.18 million, a P/E ratio of 8.79 and a beta of 0.66.

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