IBEX (NASDAQ:IBEX) Insider Sells $302,250.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Christina O’Connor sold 7,500 shares of IBEX stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $40.30, for a total value of $302,250.00. Following the completion of the sale, the insider directly owned 29,231 shares in the company, valued at $1,178,009.30. This represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christina Al Trofimuk-O’connor also recently made the following trade(s):

• On Wednesday, September 16th, Christina O’Connor sold 2,376 shares of IBEX stock. The shares were sold at an average price of $39.34, for a total value of $93,471.84.

IBEX Stock Performance

NASDAQ IBEX opened at $40.20 on Friday. The business has a fifty day moving average price of $36.71 and a 200 day moving average price of $32.19. The company has a market cap of $533.86 million, a P/E ratio of 12.84 and a beta of 0.72. IBEX Limited has a one year low of $25.94 and a one year high of $42.40.

IBEX (NASDAQ:IBEX) last announced its earnings results on Friday, September 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. IBEX had a net margin of 7.19% and a return on equity of 28.96%. The company had revenue of $164.27 million for the quarter, compared to analysts’ expectations of $160.02 million.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Wall Street Zen cut IBEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Robert W. Baird upped their price target on IBEX from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in IBEX by 33.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,576 shares of the company’s stock valued at $321,000 after purchasing an additional 2,625 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of IBEX by 6.4% in the 2nd quarter. Squarepoint Ops LLC now owns 84,982 shares of the company’s stock valued at $2,581,000 after buying an additional 5,127 shares during the period. Globeflex Capital L P acquired a new stake in shares of IBEX during the 2nd quarter worth approximately $3,112,000. Tieton Capital Management LLC acquired a new stake in shares of IBEX during the 2nd quarter worth approximately $8,353,000. Finally, Lazard Asset Management LLC raised its position in shares of IBEX by 55.2% during the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock valued at $2,391,000 after buying an additional 31,697 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.

The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.

IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.