IBEX Limited (NASDAQ:IBEX) has been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.43.
IBEX has been the subject of a number of research analyst reports. Piper Sandler increased their price target on IBEX from $19.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, December 11th. Zacks Investment Research cut IBEX from a “buy” rating to a “hold” rating in a report on Tuesday, January 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in IBEX by 236.9% during the 4th quarter. JPMorgan Chase & Co. now owns 354,082 shares of the company’s stock worth $6,621,000 after acquiring an additional 248,993 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in IBEX during the 4th quarter worth about $501,000. Alpha Paradigm Partners LLC acquired a new position in IBEX during the 4th quarter worth about $59,000. Northern Trust Corp lifted its stake in IBEX by 15.4% during the 4th quarter. Northern Trust Corp now owns 46,521 shares of the company’s stock worth $870,000 after acquiring an additional 6,222 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in IBEX by 95.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,720 shares of the company’s stock worth $51,000 after acquiring an additional 1,328 shares in the last quarter. 23.24% of the stock is currently owned by hedge funds and other institutional investors.
IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. On average, equities analysts expect that IBEX will post 1.04 earnings per share for the current year.
IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.
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