IBEX Limited (NASDAQ:IBEX) Insider Sells $246,503.62 in Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 8,954 shares of IBEX stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.53, for a total value of $246,503.62. Following the transaction, the insider now owns 21,042 shares of the company’s stock, valued at $579,286.26. The trade was a 29.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

IBEX Stock Up 0.2 %

Shares of IBEX stock opened at $27.30 on Monday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83. The firm has a 50 day moving average price of $21.92 and a two-hundred day moving average price of $19.70. The company has a market capitalization of $360.14 million, a PE ratio of 12.82 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBEX. Royal Bank of Canada raised their price objective on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Robert W. Baird raised their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in IBEX. Ritholtz Wealth Management acquired a new stake in shares of IBEX in the third quarter valued at approximately $371,000. Victory Capital Management Inc. raised its position in shares of IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after buying an additional 3,450 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after buying an additional 8,433 shares in the last quarter. FMR LLC increased its stake in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in IBEX by 110.9% in the third quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock valued at $434,000 after acquiring an additional 11,421 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.