IBEX Limited (NASDAQ:IBEX – Get Free Report) insider Julie Casteel sold 11,677 shares of IBEX stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $50.72, for a total value of $592,257.44. Following the transaction, the insider directly owned 100,594 shares of the company’s stock, valued at approximately $5,102,127.68. This represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
IBEX Price Performance
IBEX traded up $1.95 during trading on Tuesday, reaching $52.23. 432,801 shares of the stock were exchanged, compared to its average volume of 124,838. The business’s 50 day moving average price is $43.25 and its two-hundred day moving average price is $34.57. The company has a market capitalization of $696.75 million, a price-to-earnings ratio of 15.83 and a beta of 0.74. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $52.29.
IBEX (NASDAQ:IBEX – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. IBEX had a return on equity of 28.96% and a net margin of 7.19%. The company had revenue of $175.23 million for the quarter, compared to analyst estimates of $169.31 million.
Institutional Investors Weigh In On IBEX
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Advisers LLC lifted its stake in IBEX by 18.9% in the 3rd quarter. Virtus Advisers LLC now owns 22,920 shares of the company’s stock valued at $992,000 after buying an additional 3,645 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in IBEX by 370.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,361 shares of the company’s stock valued at $623,000 after buying an additional 11,309 shares during the last quarter. Ritholtz Wealth Management increased its position in IBEX by 10.0% during the third quarter. Ritholtz Wealth Management now owns 60,230 shares of the company’s stock worth $2,606,000 after buying an additional 5,480 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in IBEX during the third quarter worth $213,000. Finally, Allspring Global Investments Holdings LLC increased its position in IBEX by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 28,660 shares of the company’s stock worth $1,240,000 after buying an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on IBEX. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 12th. Robert W. Baird raised their target price on shares of IBEX from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, September 28th. Finally, Royal Bank Of Canada lifted their target price on shares of IBEX from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, IBEX presently has an average rating of “Hold” and a consensus price target of $44.50.
Get Our Latest Stock Report on IBEX
IBEX Company Profile
IBEX Limited (NASDAQ: IBEX) is a business process outsourcing and customer experience technology company. It provides customer service, technical support, sales, back-office processing and other digital services for businesses across industries, including communications, healthcare, retail, logistics and financial services. The company combines customer contact centers, digital engagement channels, analytics and artificial intelligence-enabled tools to help clients manage customer interactions and improve operational efficiency.
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