IBEX Limited (NASDAQ:IBEX) Insider Sells $324,000.00 in Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the transaction, the insider now owns 5,607 shares in the company, valued at $134,568. This trade represents a 70.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IBEX Stock Performance

NASDAQ IBEX traded up $1.04 during trading on Tuesday, hitting $25.95. The stock had a trading volume of 478,703 shares, compared to its average volume of 153,867. The company has a market capitalization of $434.92 million, a PE ratio of 12.18 and a beta of 0.78. The company's 50-day moving average price is $21.38 and its two-hundred day moving average price is $19.44. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $26.22.

IBEX (NASDAQ:IBEX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.51 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IBEX shares. Royal Bank of Canada lifted their price objective on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday. Robert W. Baird boosted their target price on IBEX from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. R Squared Ltd acquired a new position in shares of IBEX during the 4th quarter worth approximately $48,000. Quantbot Technologies LP increased its position in shares of IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after purchasing an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of IBEX during the 3rd quarter worth approximately $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of IBEX during the 4th quarter worth approximately $116,000. 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.