IBEX (NASDAQ:IBEX) Insider Sells $205,132.50 in Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Dawson sold 4,050 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $50.65, for a total transaction of $205,132.50. Following the transaction, the insider owned 67,873 shares of the company’s stock, valued at $3,437,767.45. The trade was a 5.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

IBEX Trading Down 0.8%

IBEX stock opened at $54.87 on Friday. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $55.77. The company has a fifty day simple moving average of $44.18 and a 200 day simple moving average of $34.80. The company has a market cap of $731.42 million, a P/E ratio of 16.63 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IBEX shares. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Robert W. Baird lifted their target price on IBEX from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, September 28th. Royal Bank Of Canada upped their price target on shares of IBEX from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.50.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBEX. Bullock Wealth Management Group acquired a new position in IBEX in the 3rd quarter valued at $36,000. Signaturefd LLC grew its holdings in shares of IBEX by 272.4% during the 3rd quarter. Signaturefd LLC now owns 1,784 shares of the company’s stock worth $77,000 after purchasing an additional 1,305 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of IBEX in the third quarter worth $85,000. D Orazio & Associates Inc. bought a new position in shares of IBEX in the third quarter worth $213,000. Finally, Vise Technologies Inc. bought a new position in shares of IBEX in the third quarter worth $223,000. 81.24% of the stock is owned by institutional investors and hedge funds.

About IBEX

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.