IBEX Limited $IBEX Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in shares of IBEX Limited (NASDAQ:IBEX) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 590,053 shares of the company’s stock after selling 79,878 shares during the quarter. American Century Companies Inc. owned 4.38% of IBEX worth $23,909,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IBEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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. Denali Advisors LLC lifted its stake in shares of IBEX by 0.5% in the 3rd 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 during the period. Quantbot Technologies LP lifted its stake in shares of IBEX by 16.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,960 shares of the company’s stock valued at $323,000 after purchasing an additional 1,102 shares during the period. Penserra Capital Management LLC purchased a new stake in IBEX during the third quarter worth $52,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in IBEX by 9.9% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,996 shares of the company’s stock worth $465,000 after buying an additional 1,438 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Robert Thomas Dechant sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.46, for a total value of $170,760.00. Following the transaction, the chief executive officer directly owned 275,406 shares of the company’s stock, valued at approximately $7,838,054.76. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Joseph Inson sold 2,627 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $34.98, for a total transaction of $91,892.46. Following the completion of the transaction, the insider directly owned 27,469 shares in the company, valued at $960,865.62. This represents a 8.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,287 shares of company stock worth $498,499 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IBEX shares. Wall Street Zen raised shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings lowered shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada raised 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.00.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $30.52 on Monday. The business’s 50 day moving average price is $34.35 and its 200-day moving average price is $35.53. IBEX Limited has a 1 year low of $21.64 and a 1 year high of $42.99. The firm has a market capitalization of $409.15 million, a price-to-earnings ratio of 10.04 and a beta of 0.66.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The company had revenue of $164.22 million during the quarter, compared to analyst estimates of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

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.