IBEX (NASDAQ:IBEX) Insider Paul Joseph Inson Sells 697 Shares

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 697 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $39.58, for a total transaction of $27,587.26. Following the sale, the insider owned 4,916 shares in the company, valued at $194,575.28. The trade was a 12.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, August 26th, Paul Joseph Inson sold 255 shares of IBEX stock. The stock was sold at an average price of $29.13, for a total transaction of $7,428.15.
• On Friday, September 12th, Paul Joseph Inson sold 3,831 shares of IBEX stock. The stock was sold at an average price of $38.94, for a total transaction of $149,179.14.
• On Friday, August 22nd, Paul Joseph Inson sold 10,000 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00.

IBEX Trading Down 3.0%

IBEX opened at $39.51 on Friday. The company’s 50 day moving average is $32.64 and its 200-day moving average is $29.03. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The company has a market cap of $525.88 million, a P/E ratio of 16.53 and a beta of 0.83.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised their price target on shares of IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of IBEX by 8.8% in the 2nd quarter. Lazard Asset Management LLC now owns 42,317 shares of the company’s stock worth $1,231,000 after purchasing an additional 3,429 shares during the period. Bank of America Corp DE lifted its position in shares of IBEX by 458.2% in the 2nd quarter. Bank of America Corp DE now owns 65,252 shares of the company’s stock worth $1,899,000 after purchasing an additional 53,562 shares during the period. AQR Capital Management LLC lifted its position in shares of IBEX by 4.6% in the 2nd quarter. AQR Capital Management LLC now owns 146,306 shares of the company’s stock worth $4,258,000 after purchasing an additional 6,404 shares during the period. Jane Street Group LLC lifted its position in shares of IBEX by 13.3% in the 2nd quarter. Jane Street Group LLC now owns 35,170 shares of the company’s stock worth $1,023,000 after purchasing an additional 4,122 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of IBEX by 8.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds 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.