IBEX Limited (NASDAQ:IBEX) Insider Sells $324,000.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the transaction, the insider now directly owns 5,607 shares of the company’s stock, valued at $134,568. The trade was a 70.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

IBEX Stock Performance

Shares of IBEX traded up $2.40 during trading hours on Friday, hitting $24.49. The stock had a trading volume of 508,055 shares, compared to its average volume of 132,774. The firm has a market cap of $410.45 million, a P/E ratio of 12.96 and a beta of 0.78. The company’s fifty day simple moving average is $21.21 and its 200 day simple moving average is $19.30. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $25.03.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBEX. FMR LLC increased its position in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after acquiring an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new stake in shares of IBEX during the fourth quarter worth about $48,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the third quarter worth about $68,000. SG Americas Securities LLC purchased a new stake in shares of IBEX during the fourth quarter worth about $116,000. Finally, Meeder Asset Management Inc. increased its position in shares of IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after acquiring an additional 8,433 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBEX. Royal Bank of Canada raised their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday. Robert W. Baird raised 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. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.25.

About IBEX

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.