IBEX Limited (NASDAQ:IBEX) Insider Bruce Neil Dawson Sells 13,500 Shares

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 13,500 shares of the company’s stock in a transaction on Friday, February 7th. The stock was 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 of the company’s stock, valued at $134,568. This trade represents a 70.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

IBEX Stock Performance

Shares of IBEX opened at $24.49 on Friday. The firm has a market cap of $410.57 million, a PE ratio of 12.96 and a beta of 0.78. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $25.03. The business’s 50 day moving average price is $21.21 and its two-hundred day moving average price is $19.30.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Institutional Investors Weigh In On IBEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in IBEX by 1.6% in the 2nd 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 lifted its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after buying an additional 2,105 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of IBEX by 20.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after buying an additional 14,411 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of IBEX during the fourth quarter worth about $1,411,000. Finally, Victory Capital Management Inc. raised its holdings in shares of IBEX by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock worth $1,321,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IBEX. Royal Bank of Canada upped their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday. Robert W. Baird upped their price target on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.25.

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.