Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 17,000 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.27, for a total transaction of $344,590.00. Following the completion of the transaction, the director now directly owns 71,110 shares of the company’s stock, valued at $1,441,399.70. This represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shuja Keen also recently made the following trade(s):

• On Monday, September 16th, Shuja Keen sold 6,086 shares of IBEX stock. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56.

IBEX Trading Down 1.7 %

NASDAQ:IBEX traded down $0.34 during midday trading on Friday, hitting $19.96. 39,344 shares of the company were exchanged, compared to its average volume of 74,967. The company has a fifty day simple moving average of $19.46 and a 200 day simple moving average of $17.78. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $21.63. The company has a market capitalization of $334.53 million, a PE ratio of 10.74 and a beta of 0.80.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.54 EPS for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The firm had revenue of $124.53 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IBEX shares. Robert W. Baird lifted their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, IBEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in IBEX by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after purchasing an additional 3,759 shares during the period. Allspring Global Investments Holdings LLC increased its stake in IBEX by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after purchasing an additional 1,874 shares during the period. Victory Capital Management Inc. increased its stake in IBEX by 5.9% in the second quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock valued at $893,000 after purchasing an additional 3,084 shares during the period. American Century Companies Inc. increased its stake in IBEX by 4.3% in the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after purchasing an additional 55,216 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in IBEX in the second quarter valued at $38,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.