Paul Joseph Inson Sells 697 Shares of IBEX (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Joseph Inson sold 697 shares of IBEX stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total transaction of $27,587.26. Following the completion of the transaction, the insider directly owned 4,916 shares in the company, valued at approximately $194,575.28. This represents a 12.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Paul Joseph Inson also recently made the following trade(s):

• On Tuesday, August 26th, Paul Joseph Inson sold 255 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total transaction of $7,428.15.
• On Friday, September 12th, Paul Joseph Inson sold 3,831 shares of IBEX stock. The stock was sold at an average price of $38.94, for a total transaction of $149,179.14.
• On Friday, August 22nd, Paul Joseph Inson sold 10,000 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00.

IBEX Trading Down 4.0%

IBEX stock opened at $37.92 on Friday. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $504.72 million, a PE ratio of 15.87 and a beta of 0.83. The business’s 50-day simple moving average is $32.80 and its 200-day simple moving average is $29.14.

Hedge Funds Weigh In On IBEX

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in IBEX during the first quarter worth about $41,000. Deutsche Bank AG acquired a new position in shares of IBEX in the 4th quarter worth approximately $46,000. CWM LLC boosted its holdings in shares of IBEX by 392.7% in the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock worth $69,000 after acquiring an additional 2,274 shares in the last quarter. Amundi bought a new stake in IBEX during the 1st quarter worth approximately $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after purchasing an additional 434 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Saturday, September 27th. Royal Bank Of Canada upped their target price on shares of IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a research note on Friday, September 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

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.