Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells $93,471.84 in Stock

IBEX Limited (NASDAQ:IBEX) insider Christina O’Connor sold 2,376 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $39.34, for a total value of $93,471.84. Following the completion of the transaction, the insider directly owned 26,855 shares in the company, valued at $1,056,475.70. This represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Christina Al Trofimuk-O’connor also recently made the following trade(s):

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

IBEX Stock Down 1.8%

NASDAQ:IBEX opened at $40.20 on Friday. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.40. The firm has a market capitalization of $533.86 million, a price-to-earnings ratio of 12.84 and a beta of 0.72. The stock has a fifty day simple moving average of $36.71 and a 200 day simple moving average of $32.19.

IBEX (NASDAQ:IBEX) last released its earnings results on Friday, September 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $164.27 million for the quarter, compared to the consensus estimate of $160.02 million. IBEX had a net margin of 7.19% and a return on equity of 28.96%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IBEX. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Robert W. Baird boosted their price target on shares of IBEX from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Finally, Wall Street Zen lowered shares of IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, IBEX currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of IBEX

A number of hedge funds have recently bought and sold shares of IBEX. Tieton Capital Management LLC bought a new stake in shares of IBEX during the second quarter valued at approximately $8,353,000. Globeflex Capital L P acquired a new position in shares of IBEX in the 2nd quarter valued at $3,112,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of IBEX by 121.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 95,665 shares of the company’s stock worth $2,566,000 after acquiring an additional 52,526 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of IBEX by 55.2% during the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock worth $2,391,000 after acquiring an additional 31,697 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after acquiring an additional 24,942 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

IBEX Company Profile

IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.

The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.

IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.