Insider Selling: IBEX (NASDAQ:IBEX) CFO Sells 438 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 438 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $29.13, for a total value of $12,758.94. Following the sale, the chief financial officer owned 35,856 shares in the company, valued at $1,044,485.28. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Price Performance

NASDAQ:IBEX opened at $40.37 on Thursday. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $537.32 million, a PE ratio of 16.89 and a beta of 0.77. The stock’s 50-day moving average price is $30.21 and its 200-day moving average price is $27.79.

Institutional Trading of IBEX

Institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in shares of IBEX during the 1st quarter valued at approximately $41,000. Deutsche Bank AG acquired a new stake in IBEX in the 4th quarter valued at approximately $46,000. CWM LLC increased its holdings in IBEX by 392.7% in the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock valued at $69,000 after purchasing an additional 2,274 shares during the last quarter. Amundi acquired a new stake in IBEX in the 1st quarter valued at approximately $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $159,000 after purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised their target price on IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a research report on Friday, September 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, IBEX has a consensus rating of “Hold” and an average target price of $34.50.

IBEX Company Profile

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.