IBEX Limited (NASDAQ:IBEX) Director Sells $40,220.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Group International L. Resource sold 2,011 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $20.00, for a total value of $40,220.00. Following the sale, the director now owns 5,348,432 shares of the company’s stock, valued at approximately $106,968,640. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $19.55 on Monday. The company has a market cap of $327.66 million, a P/E ratio of 10.34 and a beta of 0.76. IBEX Limited has a one year low of $13.00 and a one year high of $20.56. The business’s 50-day simple moving average is $18.74 and its 200 day simple moving average is $16.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 2.53.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.91%. The business had revenue of $124.53 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kennedy Capital Management LLC grew its stake in IBEX by 341.7% during the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after buying an additional 55,216 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of IBEX during the first quarter worth approximately $349,000. Ritholtz Wealth Management bought a new stake in shares of IBEX in the third quarter worth $371,000. Finally, Sei Investments Co. raised its holdings in IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after acquiring an additional 15,507 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBEX. Royal Bank of Canada upped their price target on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Robert W. Baird increased their target price on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.