Moran Wealth Management LLC Invests $226,000 in IBEX Limited $IBEX

Moran Wealth Management LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,750 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in IBEX by 53.3% during the second quarter. CWM LLC now owns 4,373 shares of the company’s stock worth $127,000 after purchasing an additional 1,520 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of IBEX during the 2nd quarter valued at approximately $462,000. Sheets Smith Wealth Management purchased a new stake in shares of IBEX during the 2nd quarter valued at approximately $478,000. Voya Investment Management LLC raised its position in shares of IBEX by 65.5% during the 1st quarter. Voya Investment Management LLC now owns 15,767 shares of the company’s stock valued at $384,000 after buying an additional 6,239 shares during the period. Finally, Strs Ohio purchased a new stake in shares of IBEX during the 1st quarter valued at approximately $475,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IBEX shares. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a report on Friday, September 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, IBEX has an average rating of “Hold” and an average price target of $34.50.

IBEX Price Performance

IBEX stock opened at $36.23 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $482.22 million, a PE ratio of 15.16 and a beta of 0.83. IBEX Limited has a 12-month low of $17.53 and a 12-month high of $42.99. The business’s fifty day moving average price is $34.44 and its 200 day moving average price is $29.93.

Insider Activity at IBEX

In other IBEX news, insider Paul Joseph Inson sold 697 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total transaction of $27,587.26. Following the sale, the insider directly owned 4,916 shares in the company, valued at $194,575.28. This represents a 12.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Taylor C. Greenwald sold 2,295 shares of IBEX stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $40.73, for a total transaction of $93,475.35. Following the completion of the transaction, the chief financial officer owned 33,561 shares of the company’s stock, valued at $1,366,939.53. This trade represents a 6.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,315 shares of company stock valued at $3,036,165. 6.72% of the stock is owned by company insiders.

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.