Insider Selling: IBEX Limited (NASDAQ:IBEX) Insider Sells $324,000.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 13,500 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.00, for a total transaction of $324,000.00. Following the transaction, the insider now owns 5,607 shares in the company, valued at approximately $134,568. This represents a 70.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IBEX Trading Up 10.9 %

IBEX stock opened at $24.49 on Monday. The company has a market capitalization of $410.45 million, a P/E ratio of 11.50 and a beta of 0.78. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $25.03. The firm’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $19.37.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Analysts Set New Price Targets

A number of analysts recently issued reports on IBEX shares. Robert W. Baird lifted their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday.

Institutional Investors Weigh In On IBEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of IBEX by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the period. State Street Corp raised its holdings in IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after acquiring an additional 2,105 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock worth $1,701,000 after acquiring an additional 14,411 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in IBEX during the 4th quarter worth $1,411,000. Finally, Victory Capital Management Inc. boosted its holdings in IBEX by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock valued at $1,321,000 after acquiring an additional 2,800 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.