Paul Joseph Inson Sells 8,954 Shares of IBEX Limited (NASDAQ:IBEX) 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 NASDAQ:IBEX opened at $27.30 on Friday. The business has a 50 day moving average of $21.92 and a 200-day moving average of $19.68. The stock has a market cap of $457.55 million, a PE ratio of 12.82 and a beta of 0.78. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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

IBEX has been the subject of a number of research analyst reports. Robert W. Baird boosted their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th.

Institutional Trading of IBEX

Several institutional investors have recently modified their holdings of IBEX. Ritholtz Wealth Management bought a new stake in shares of IBEX in the third quarter worth $371,000. Victory Capital Management Inc. grew its stake 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 worth $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Meeder Asset Management Inc. grew its stake 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 worth $215,000 after purchasing an additional 8,433 shares during the last quarter. FMR LLC grew its stake in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Martingale Asset Management L P boosted its position in IBEX by 110.9% during 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. Institutional investors own 81.24% of the company’s stock.

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.