Robert W. Baird Raises IBEX (NASDAQ:IBEX) Price Target to $26.00

IBEX (NASDAQ:IBEX - Free Report) had its price objective hoisted by Robert W. Baird from $23.00 to $26.00 in a research report released on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Royal Bank of Canada lifted their target price on shares of IBEX from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.25.

IBEX Trading Down 0.3 %

Shares of IBEX stock traded down $0.06 during trading hours on Friday, hitting $19.55. 96,362 shares of the company were exchanged, compared to its average volume of 66,108. IBEX has a 1 year low of $13.00 and a 1 year high of $20.56. The firm has a fifty day moving average of $18.69 and a 200 day moving average of $16.76. The firm has a market cap of $327.76 million, a PE ratio of 10.69 and a beta of 0.76. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $124.53 million during the quarter. IBEX had a net margin of 6.62% and a return on equity of 22.04%.

Insiders Place Their Bets

In other news, Director Shuja Keen sold 6,086 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56. Following the transaction, the director now owns 140,024 shares of the company's stock, valued at approximately $2,864,891.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Shuja Keen sold 6,086 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.46, for a total value of $124,519.56. Following the sale, the director now owns 140,024 shares of the company's stock, valued at approximately $2,864,891.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Group International L. Resource sold 59,269 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $20.05, for a total transaction of $1,188,343.45. Following the completion of the sale, the director now directly owns 5,375,114 shares in the company, valued at approximately $107,771,035.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,760 shares of company stock valued at $3,681,160 in the last ninety days. Corporate insiders own 20.80% of the company's stock.

Hedge Funds Weigh In On IBEX

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in shares of IBEX in the second quarter worth approximately $38,000. Quadrature Capital Ltd acquired a new stake in shares of IBEX during the 1st quarter worth approximately $349,000. Ritholtz Wealth Management acquired a new stake in shares of IBEX in the 3rd quarter valued at $371,000. Bank of New York Mellon Corp lifted its position in shares of IBEX by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company's stock worth $447,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in IBEX by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company's stock worth $528,000 after purchasing an additional 1,874 shares during the last quarter. 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.