Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells $354,805.62 in Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Inson sold 6,994 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $50.73, for a total value of $354,805.62. Following the completion of the sale, the insider owned 26,550 shares in the company, valued at approximately $1,346,881.50. This represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 16th, Paul Inson sold 2,500 shares of IBEX stock. The stock was sold at an average price of $40.07, for a total value of $100,175.00.
• On Monday, September 14th, Paul Inson sold 2,274 shares of IBEX stock. The stock was sold at an average price of $40.00, for a total value of $90,960.00.

IBEX Stock Performance

IBEX opened at $54.87 on Friday. IBEX Limited has a one year low of $25.94 and a one year high of $55.77. The company has a market cap of $731.42 million, a P/E ratio of 16.63 and a beta of 0.74. The business’s 50-day simple moving average is $44.18 and its 200-day simple moving average is $34.80.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, November 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.20. The business had revenue of $175.23 million for the quarter, compared to analyst estimates of $169.31 million. IBEX had a return on equity of 29.10% and a net margin of 7.34%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Robert W. Baird boosted their price objective on shares of IBEX from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 28th. Weiss Ratings upgraded shares of IBEX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 12th. Finally, Royal Bank Of Canada upped their target price on shares of IBEX from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Hedge Funds Weigh In On IBEX

Several hedge funds have recently made changes to their positions in the company. Bullock Wealth Management Group purchased a new position in shares of IBEX during the third quarter worth about $36,000. Signaturefd LLC lifted its holdings in shares of IBEX by 272.4% in the 3rd quarter. Signaturefd LLC now owns 1,784 shares of the company’s stock valued at $77,000 after purchasing an additional 1,305 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of IBEX in the 3rd quarter valued at about $85,000. D Orazio & Associates Inc. purchased a new stake in shares of IBEX in the 3rd quarter valued at about $213,000. Finally, Vise Technologies Inc. acquired a new stake in shares of IBEX in the 3rd quarter valued at about $223,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited is a business process outsourcing and customer experience company that helps businesses manage interactions with their customers. Its services include customer acquisition, customer care, technical support, back-office operations and digital solutions. The company serves clients across industries such as technology, telecommunications, retail, healthcare and financial services. IBEX delivers its services through a global network of contact centers and digital operations, supporting customers in multiple markets.