Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 17,000 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Shuja Keen sold 17,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.27, for a total transaction of $344,590.00. Following the sale, the director now directly owns 71,110 shares in the company, valued at $1,441,399.70. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shuja Keen also recently made the following trade(s):

• On Monday, September 16th, Shuja Keen sold 6,086 shares of IBEX stock. The stock was sold at an average price of $20.46, for a total transaction of $124,519.56.

IBEX Stock Performance

Shares of NASDAQ IBEX traded down $0.23 during midday trading on Friday, hitting $20.07. 151,991 shares of the stock traded hands, compared to its average volume of 75,456. The firm has a market capitalization of $336.47 million, a P/E ratio of 10.62 and a beta of 0.80. IBEX Limited has a one year low of $13.00 and a one year high of $21.63. The firm has a 50-day moving average of $19.48 and a two-hundred day moving average of $17.81.

IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.54 EPS for the quarter. The firm had revenue of $124.53 million during the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company's stock worth $21,663,000 after acquiring an additional 55,216 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company's stock valued at $3,228,000 after purchasing an additional 3,052 shares in the last quarter. State Street Corp lifted its position in IBEX by 1.2% during the third quarter. State Street Corp now owns 181,035 shares of the company's stock valued at $3,617,000 after purchasing an additional 2,105 shares in the last quarter. Sei Investments Co. grew its holdings in IBEX by 12.1% during the second quarter. Sei Investments Co. now owns 143,812 shares of the company's stock valued at $2,327,000 after purchasing an additional 15,507 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in IBEX by 20.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company's stock worth $1,701,000 after buying an additional 14,411 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on IBEX. Robert W. Baird lifted their target price on IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on IBEX from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.25.

IBEX Company Profile

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.