IBEX Limited (NASDAQ:IBEX – Get Free Report) insider Bruce Dawson sold 4,050 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $50.65, for a total transaction of $205,132.50. Following the sale, the insider directly owned 67,873 shares of the company’s stock, valued at approximately $3,437,767.45. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
IBEX Price Performance
NASDAQ IBEX traded up $1.95 during trading hours on Tuesday, hitting $52.23. The company had a trading volume of 432,801 shares, compared to its average volume of 124,838. The firm’s 50 day moving average is $43.25 and its 200 day moving average is $34.57. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $52.29. 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 (NASDAQ:IBEX – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $169.31 million.
Institutional Investors Weigh In On IBEX
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bullock Wealth Management Group acquired a new position in IBEX in the 3rd quarter worth $36,000. Signaturefd LLC boosted its position in IBEX by 272.4% in the 3rd quarter. Signaturefd LLC now owns 1,784 shares of the company’s stock valued at $77,000 after buying an additional 1,305 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in IBEX in the 3rd quarter valued at about $85,000. D Orazio & Associates Inc. acquired a new stake in shares of IBEX during the third quarter valued at about $213,000. Finally, Vise Technologies Inc. acquired a new stake in shares of IBEX during the third quarter valued at about $223,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on IBEX shares. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Royal Bank Of Canada upped their price target on IBEX from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday. Weiss Ratings raised shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Finally, Robert W. Baird increased their price objective on shares of IBEX from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, IBEX has an average rating of “Hold” and an average price target of $44.50.
View Our Latest Research 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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