Paul Joseph Inson Sells 697 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 697 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total transaction of $27,587.26. Following the transaction, the insider directly owned 4,916 shares in the company, valued at approximately $194,575.28. The trade was a 12.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Paul Joseph Inson also recently made the following trade(s):

• On Tuesday, August 26th, Paul Joseph Inson sold 255 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total transaction of $7,428.15.
• On Friday, September 12th, Paul Joseph Inson sold 3,831 shares of IBEX stock. The stock was sold at an average price of $38.94, for a total transaction of $149,179.14.
• On Friday, August 22nd, Paul Joseph Inson sold 10,000 shares of IBEX stock. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00.

IBEX Stock Performance

Shares of IBEX opened at $37.92 on Friday. The firm’s 50 day moving average is $32.80 and its 200-day moving average is $29.12. The stock has a market capitalization of $504.72 million, a P/E ratio of 15.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. IBEX Limited has a 12-month low of $17.53 and a 12-month high of $42.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX currently has an average rating of “Hold” and an average target price of $34.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock worth $10,011,000 after purchasing an additional 225,380 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of IBEX during the first quarter worth approximately $3,591,000. AQR Capital Management LLC boosted its holdings in shares of IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after purchasing an additional 105,997 shares during the period. Nuveen LLC acquired a new stake in shares of IBEX during the first quarter worth approximately $2,279,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of IBEX during the first quarter worth approximately $1,374,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.