Insider Selling: IBEX Limited (NASDAQ:IBEX) Insider Sells 7,500 Shares of Stock

IBEX Limited (NASDAQ:IBEX) insider Christina Al Trofimuk-O’connor sold 7,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the transaction, the insider now owns 17,050 shares in the company, valued at $434,945.50. The trade was a 30.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $27.30 on Friday. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $27.83. The stock has a market capitalization of $457.55 million, a P/E ratio of 12.82 and a beta of 0.78. The stock’s fifty day moving average is $21.77 and its 200 day moving average is $19.60.

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

Institutional Trading of IBEX

Several large investors have recently bought and sold shares of IBEX. JPMorgan Chase & Co. boosted its stake in IBEX by 1,369.6% in the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock valued at $6,109,000 after buying an additional 264,947 shares in the last quarter. Impact Capital Partners LLC acquired a new stake in IBEX in the fourth quarter valued at about $4,829,000. Dimensional Fund Advisors LP boosted its stake in IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock valued at $7,009,000 after buying an additional 76,302 shares in the last quarter. Walleye Capital LLC boosted its stake in IBEX by 267.2% in the fourth quarter. Walleye Capital LLC now owns 102,220 shares of the company’s stock valued at $2,197,000 after buying an additional 74,380 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of IBEX during the fourth quarter valued at about $1,411,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on IBEX shares. Robert W. Baird raised their price target on 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 raised their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

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.