IBEX (NASDAQ:IBEX) Cut to Neutral at Robert W. Baird

Robert W. Baird downgraded shares of IBEX (NASDAQ:IBEX) from an outperform rating to a neutral rating in a research report released on Monday morning, Marketbeat reports. They currently have $30.00 price objective on the stock.

Separately, Royal Bank of Canada boosted their target price on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

IBEX Price Performance

IBEX opened at $28.03 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $369.77 million, a price-to-earnings ratio of 13.16 and a beta of 0.74. The stock has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $22.80. IBEX has a 12-month low of $14.89 and a 12-month high of $32.08.

Insider Buying and Selling at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 5,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $27.56, for a total value of $137,800.00. Following the transaction, the chief executive officer now owns 213,633 shares of the company’s stock, valued at $5,887,725.48. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.50, for a total transaction of $333,900.00. Following the completion of the transaction, the director now directly owns 89,912 shares in the company, valued at $2,382,668. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,685 shares of company stock worth $2,712,069 over the last ninety days. Company insiders own 6.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. 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 worth $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after buying an additional 1,401 shares during the last quarter. US Bancorp DE acquired a new stake in shares of IBEX during the first quarter worth $41,000. Deutsche Bank AG purchased a new stake in shares of IBEX during the fourth quarter valued at $46,000. Finally, R Squared Ltd purchased a new stake in shares of IBEX during the fourth quarter valued at $48,000. Hedge funds and other institutional investors 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.