Insider Selling: IBEX Limited (NASDAQ:IBEX) Insider Sells $191,325.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Christina Al Trofimuk-O’connor sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $25.51, for a total value of $191,325.00. Following the completion of the sale, the insider now directly owns 17,050 shares of the company’s stock, valued at approximately $434,945.50. The trade was a 30.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

IBEX Price Performance

Shares of IBEX stock opened at $27.30 on Friday. The business has a fifty day simple moving average of $21.77 and a two-hundred day simple moving average of $19.60. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The company has a market capitalization of $457.55 million, a price-to-earnings ratio of 12.82 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Analysts Set New Price Targets

Several research firms have recently commented on IBEX. Robert W. Baird increased their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th.

Institutional Investors Weigh In On IBEX

Several hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL lifted its holdings in IBEX by 78.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 25,104 shares of the company’s stock valued at $539,000 after purchasing an additional 11,053 shares during the last quarter. Voya Investment Management LLC acquired a new stake in IBEX during the 4th quarter valued at $205,000. Hsbc Holdings PLC increased its position in IBEX by 69.0% during the 4th quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock worth $583,000 after buying an additional 11,131 shares during the period. State of Tennessee Department of Treasury bought a new position in IBEX during the 4th quarter worth $221,000. Finally, Tower Research Capital LLC TRC increased its position in IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after buying an additional 1,401 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.