IBEX Limited (NASDAQ:IBEX) Insider Christina Al Trofimuk-O'connor Sells 7,500 Shares

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Christina Al Trofimuk-O'connor sold 7,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $25.51, for a total transaction of $191,325.00. Following the completion of the sale, the insider now directly owns 17,050 shares in the company, valued at approximately $434,945.50. The trade was a 30.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Stock Performance

IBEX stock traded up $0.06 during trading hours on Friday, hitting $27.30. 331,983 shares of the stock were exchanged, compared to its average volume of 106,860. The stock has a market capitalization of $360.14 million, a P/E ratio of 12.82 and a beta of 0.78. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83. The business's 50-day moving average is $21.92 and its two-hundred day moving average is $19.70.

IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly 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 net margin of 7.08% and a return on equity of 23.13%.

Institutional Trading of IBEX

Several hedge funds have recently modified their holdings of the stock. Heron Bay Capital Management grew its stake in shares of IBEX by 4.8% during the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock valued at $379,000 after purchasing an additional 810 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after purchasing an additional 990 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after buying an additional 1,401 shares during the period. Barclays PLC lifted its holdings in IBEX by 6.8% in the fourth quarter. Barclays PLC now owns 22,046 shares of the company's stock valued at $473,000 after buying an additional 1,410 shares during the period. Finally, FMR LLC lifted its holdings in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company's stock valued at $43,000 after buying an additional 1,623 shares during the period. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Robert W. Baird upped their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

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.