Paul Joseph Inson Sells 8,954 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Joseph Inson sold 8,954 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.53, for a total value of $246,503.62. Following the transaction, the insider now owns 21,042 shares in the company, valued at approximately $579,286.26. This trade represents a 29.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IBEX Trading Down 0.3 %

Shares of NASDAQ:IBEX traded down $0.08 during trading on Tuesday, hitting $27.22. 127,443 shares of the company were exchanged, compared to its average volume of 176,574. The stock has a market cap of $456.21 million, a price-to-earnings ratio of 12.78 and a beta of 0.78. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83. The firm has a fifty day moving average price of $22.06 and a two-hundred day moving average price of $19.78.

IBEX (NASDAQ:IBEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping 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%.

Wall Street Analyst Weigh In

IBEX has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their target price on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th.

Institutional Trading of IBEX

Several institutional investors have recently added to or reduced their stakes in IBEX. Russell Investments Group Ltd. boosted its stake in IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC boosted its stake in IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after purchasing an additional 1,401 shares during the period. FMR LLC boosted its stake in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company's stock valued at $43,000 after purchasing an additional 1,623 shares during the period. Deutsche Bank AG bought a new stake in IBEX in the 4th quarter valued at $46,000. Finally, R Squared Ltd bought a new stake in shares of IBEX during the 4th quarter valued at $48,000. 81.24% of the stock is currently owned by institutional investors.

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.