IBEX (NASDAQ:IBEX) Insider Sells $51,460.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Christina O’Connor sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $51.46, for a total transaction of $51,460.00. Following the transaction, the insider owned 37,424 shares of the company’s stock, valued at $1,925,839.04. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $39.34, for a total value of $93,471.84.
• On Tuesday, September 15th, Christina O’Connor sold 7,500 shares of IBEX stock. The shares were sold at an average price of $40.30, for a total value of $302,250.00.

IBEX Stock Performance

Shares of IBEX stock opened at $54.87 on Friday. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $55.77. The company has a 50 day moving average price of $44.18 and a 200 day moving average price of $34.80. The stock has a market capitalization of $731.42 million, a P/E ratio of 16.63 and a beta of 0.74.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.20. IBEX had a return on equity of 29.10% and a net margin of 7.34%. The business had revenue of $175.23 million for the quarter, compared to analysts’ expectations of $169.31 million.

Analysts Set New Price Targets

IBEX has been the subject of several recent analyst reports. Weiss Ratings raised shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Robert W. Baird increased their price objective on IBEX from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, September 28th. Finally, Royal Bank Of Canada raised their target price on IBEX from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, IBEX has an average rating of “Hold” and an average price target of $44.50.

Hedge Funds Weigh In On IBEX

Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its holdings in shares of 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 purchased a new position in IBEX during the 2nd quarter worth $3,112,000. Tieton Capital Management LLC acquired a new stake in shares of IBEX in the 2nd quarter worth $8,353,000. Watershed Asset Management L.L.C. purchased a new stake in shares of IBEX in the first quarter valued at about $453,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of IBEX by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after acquiring an additional 24,942 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited is a business process outsourcing and customer experience company that helps businesses manage interactions with their customers. Its services include customer acquisition, customer care, technical support, back-office operations and digital solutions. The company serves clients across industries such as technology, telecommunications, retail, healthcare and financial services. IBEX delivers its services through a global network of contact centers and digital operations, supporting customers in multiple markets.