Insider Selling: IBEX (NASDAQ:IBEX) Director Sells 6,000 Shares of Stock

Key Points

• Director Daniella Ballou-Aares sold 6,000 shares on March 13 at an average price of $24.22 for $145,320, trimming her position by 35% to 11,143 shares.
• IBEX beat Q4 expectations with EPS of $0.87 versus $0.78 and revenue of $164.22M versus $155.48M, posting a 31.7% return on equity and a 7.35% net margin.
• Shares traded at $29.72 (market cap ≈ $398.6M, P/E 9.78) and are 81.24% institutionally owned, with several funds (Invesco, HSBC, Mackenzie) recently increasing positions.

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Daniella Ballou-Aares sold 6,000 shares of IBEX stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $24.22, for a total transaction of $145,320.00. Following the completion of the sale, the director owned 11,143 shares in the company, valued at approximately $269,883.46. This trade represents a 35.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

IBEX Stock Performance

Shares of IBEX stock traded up $0.23 on Friday, reaching $29.72. 98,137 shares of the company were exchanged, compared to its average volume of 123,120. IBEX Limited has a 1 year low of $22.63 and a 1 year high of $42.99. The business has a 50-day moving average price of $28.76 and a 200 day moving average price of $34.22. The company has a market cap of $398.55 million, a price-to-earnings ratio of 9.78 and a beta of 0.69.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $164.22 million for the quarter, compared to analysts' expectations of $155.48 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBEX. Evolve Private Wealth LLC lifted its position in IBEX by 5.7% during the first quarter. Evolve Private Wealth LLC now owns 10,280 shares of the company's stock worth $276,000 after buying an additional 555 shares in the last quarter. Hsbc Holdings PLC grew its holdings in IBEX by 31.4% in the 4th quarter. Hsbc Holdings PLC now owns 32,935 shares of the company's stock valued at $1,265,000 after buying an additional 7,870 shares in the last quarter. Invesco Ltd. increased its stake in shares of IBEX by 13.9% in the 4th quarter. Invesco Ltd. now owns 101,961 shares of the company's stock worth $3,893,000 after acquiring an additional 12,452 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of IBEX in the 4th quarter worth $337,000. Finally, Mackenzie Financial Corp raised its holdings in shares of IBEX by 111.3% during the 4th quarter. Mackenzie Financial Corp now owns 16,597 shares of the company's stock worth $638,000 after acquiring an additional 8,744 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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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