IBEX (NASDAQ:IBEX) CFO Sells $93,475.35 in Stock

IBEX Limited (NASDAQ:IBEX) CFO Taylor Greenwald sold 2,295 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $40.73, for a total value of $93,475.35. Following the completion of the transaction, the chief financial officer owned 33,561 shares of the company’s stock, valued at approximately $1,366,939.53. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Price Performance

Shares of IBEX stock opened at $41.82 on Thursday. The business’s fifty day moving average is $31.40 and its 200 day moving average is $28.37. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock has a market cap of $556.62 million, a price-to-earnings ratio of 17.50 and a beta of 0.77. IBEX Limited has a twelve month low of $17.53 and a twelve month high of $42.99.

Analyst Ratings Changes

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

Institutional Investors Weigh In On IBEX

Several hedge funds have recently added to or reduced their stakes in IBEX. Jacobs Levy Equity Management Inc. increased its holdings in shares of IBEX by 73.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company’s stock valued at $2,834,000 after acquiring an additional 49,167 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in IBEX during the 1st quarter valued at about $217,000. Allspring Global Investments Holdings LLC increased its stake in IBEX by 19.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company’s stock valued at $995,000 after purchasing an additional 6,526 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in IBEX by 132.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company’s stock valued at $2,217,000 after purchasing an additional 51,886 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in IBEX by 206.9% in the fourth quarter. Bank of America Corp DE now owns 39,787 shares of the company’s stock worth $855,000 after buying an additional 26,822 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

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.