IBEX (NASDAQ:IBEX) Stock Rating Upgraded by Wall Street Zen

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

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. Royal Bank Of Canada raised their target price on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

IBEX Price Performance

NASDAQ:IBEX opened at $29.55 on Friday. IBEX has a one year low of $21.64 and a one year high of $42.99. The company has a market cap of $396.27 million, a P/E ratio of 9.72 and a beta of 0.64. The firm’s fifty day moving average price is $36.21 and its two-hundred day moving average price is $35.41.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $164.22 million during the quarter, compared to analysts’ expectations of $155.48 million.

Insider Buying and Selling at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $29.63, for a total transaction of $177,780.00. Following the completion of the sale, the chief executive officer directly owned 299,406 shares in the company, valued at $8,871,399.78. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Joseph Inson sold 2,627 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $34.98, for a total value of $91,892.46. Following the sale, the insider owned 27,469 shares of the company’s stock, valued at approximately $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 sold a total of 10,287 shares of company stock worth $327,739 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of IBEX in the 3rd quarter valued at $46,000. Penserra Capital Management LLC bought a new stake in IBEX in the third quarter valued at $52,000. Amundi bought a new stake in IBEX in the first quarter valued at $74,000. Empowered Funds LLC bought a new position in shares of IBEX during the 4th quarter worth about $84,000. Finally, Clearstead Advisors LLC grew its stake in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after buying an additional 1,618 shares during the period. 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.