IBEX (NASDAQ:IBEX) Insider Sells 6,994 Shares of Company Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Inson sold 6,994 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $50.73, for a total value of $354,805.62. Following the completion of the transaction, the insider directly owned 26,550 shares of the company’s stock, valued at $1,346,881.50. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Paul Joseph Inson also recently made the following trade(s):

• On Wednesday, September 16th, Paul Inson sold 2,500 shares of IBEX stock. The stock was sold at an average price of $40.07, for a total value of $100,175.00.
• On Monday, September 14th, Paul Inson sold 2,274 shares of IBEX stock. The stock was sold at an average price of $40.00, for a total value of $90,960.00.

IBEX Stock Up 3.9%

Shares of NASDAQ IBEX traded up $1.95 during midday trading on Tuesday, reaching $52.23. 432,801 shares of the stock were exchanged, compared to its average volume of 124,838. The firm has a market cap of $696.75 million, a price-to-earnings ratio of 15.83 and a beta of 0.74. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $52.29. The firm has a 50-day simple moving average of $43.25 and a two-hundred day simple moving average of $34.57.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, November 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. IBEX had a net margin of 7.19% and a return on equity of 28.96%. The firm had revenue of $175.23 million during the quarter, compared to analyst estimates of $169.31 million.

Institutional Trading of IBEX

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in IBEX by 55.2% in the first quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock valued at $2,391,000 after purchasing an additional 31,697 shares during the period. Globeflex Capital L P acquired a new position in shares of IBEX during the 2nd quarter worth approximately $3,112,000. Tieton Capital Management LLC acquired a new position in shares of IBEX during the 2nd quarter worth approximately $8,353,000. Watershed Asset Management L.L.C. acquired a new position in shares of IBEX during the 1st quarter worth approximately $453,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after buying an additional 24,942 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of IBEX from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, September 28th. Weiss Ratings upgraded shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Royal Bank Of Canada upped their price objective on shares of IBEX from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, IBEX presently has an average rating of “Hold” and an average target price of $44.50.

IBEX Company Profile

IBEX Limited (NASDAQ: IBEX) is a business process outsourcing and customer experience technology company. It provides customer service, technical support, sales, back-office processing and other digital services for businesses across industries, including communications, healthcare, retail, logistics and financial services. The company combines customer contact centers, digital engagement channels, analytics and artificial intelligence-enabled tools to help clients manage customer interactions and improve operational efficiency.