IBEX (NASDAQ:IBEX) Downgraded to Buy Rating by Wall Street Zen

IBEX (NASDAQ:IBEX) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently commented on IBEX. Weiss Ratings downgraded shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Royal Bank Of Canada lifted their target price on IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.00.

IBEX Stock Performance

Shares of IBEX stock opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. IBEX has a 52 week low of $21.64 and a 52 week high of $42.99. The stock has a market capitalization of $471.18 million, a price-to-earnings ratio of 11.51 and a beta of 0.64. The firm has a fifty day moving average of $37.39 and a two-hundred day moving average of $35.37.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. IBEX had a net margin of 7.35% and a return on equity of 32.91%. The business had revenue of $164.22 million for the quarter, compared to analyst estimates of $155.48 million.

Institutional Trading of IBEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC raised its holdings in shares of IBEX by 3.3% in the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock valued at $367,000 after purchasing an additional 307 shares during the last quarter. Baron Wealth Management LLC lifted its holdings in shares of IBEX by 6.1% in 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 raised its holdings in shares of IBEX by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock valued at $286,000 after acquiring an additional 401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in IBEX by 8.6% in the 2nd 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. Finally, Denali Advisors LLC raised its position in IBEX by 0.5% during the third quarter. Denali Advisors LLC now owns 104,611 shares of the company’s stock valued at $4,239,000 after purchasing an additional 515 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

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.