IBEX (NASDAQ:IBEX – Get Free Report) had its target price decreased by analysts at Truist Financial from $25.00 to $22.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 39.33% from the company’s current price.
Several other research analysts have also recently issued reports on the company. TheStreet raised IBEX from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Royal Bank of Canada increased their price objective on IBEX from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Finally, Piper Sandler reissued a “neutral” rating and issued a $17.00 price objective on shares of IBEX in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IBEX has a consensus rating of “Moderate Buy” and an average target price of $21.83.
Read Our Latest Stock Report on IBEX
IBEX Stock Performance
Shares of NASDAQ IBEX opened at $15.79 on Friday. The business’s 50 day moving average price is $18.07 and its 200-day moving average price is $17.72. IBEX has a fifty-two week low of $11.45 and a fifty-two week high of $31.40. The company has a market cap of $283.27 million, a price-to-earnings ratio of 10.06 and a beta of 0.69.
IBEX (NASDAQ:IBEX – Get Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. IBEX had a return on equity of 20.58% and a net margin of 5.79%. The firm had revenue of $124.61 million for the quarter, compared to the consensus estimate of $123.65 million. Sell-side analysts predict that IBEX will post 1.9 earnings per share for the current year.
Institutional Trading of IBEX
A number of institutional investors have recently made changes to their positions in IBEX. Sei Investments Co. raised its stake in IBEX by 15.6% in the 1st quarter. Sei Investments Co. now owns 108,091 shares of the company’s stock worth $1,723,000 after acquiring an additional 14,605 shares during the last quarter. Vanguard Group Inc. raised its stake in IBEX by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 28,889 shares of the company’s stock worth $461,000 after acquiring an additional 904 shares during the last quarter. State Street Corp raised its stake in IBEX by 18.2% in the 1st quarter. State Street Corp now owns 76,699 shares of the company’s stock worth $1,223,000 after acquiring an additional 11,793 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of IBEX by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 385,755 shares of the company’s stock valued at $6,149,000 after buying an additional 18,455 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of IBEX by 40.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,728 shares of the company’s stock valued at $273,000 after buying an additional 4,256 shares during the last quarter. Institutional investors and hedge funds own 35.84% of the company’s stock.
About IBEX
IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients’ customer experience.
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Source: defenseworld.net
