Insider Selling: IBEX (NASDAQ:IBEX) Director Sells $60,435.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Daniella Ballou-Aares sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $40.29, for a total transaction of $60,435.00. Following the sale, the director owned 10,395 shares in the company, valued at approximately $418,814.55. This trade represents a 12.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

IBEX Stock Performance

IBEX stock opened at $40.20 on Friday. The company has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $32.19. The stock has a market capitalization of $533.86 million, a P/E ratio of 12.84 and a beta of 0.72. IBEX Limited has a one year low of $25.94 and a one year high of $42.40.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Friday, September 11th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. IBEX had a return on equity of 28.96% and a net margin of 7.19%.The company had revenue of $164.27 million for the quarter, compared to analyst estimates of $160.02 million.

Wall Street Analyst Weigh In

IBEX has been the topic of a number of research analyst reports. Wall Street Zen lowered IBEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Finally, Robert W. Baird raised their target price on shares of IBEX from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Hedge Funds Weigh In On IBEX

A number of hedge funds have recently made changes to their positions in IBEX. Clearstead Advisors LLC raised its position in IBEX by 159.1% in the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after purchasing an additional 1,618 shares during the period. Sargent Investment Group LLC purchased a new stake in shares of IBEX during the fourth quarter valued at approximately $249,000. Evolve Private Wealth LLC increased its stake in IBEX by 5.7% during the 1st quarter. Evolve Private Wealth LLC now owns 10,280 shares of the company’s stock worth $276,000 after buying an additional 555 shares during the period. Valued Retirements Inc. purchased a new stake in shares of IBEX during the fourth quarter worth about $289,000. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in shares of IBEX by 33.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,576 shares of the company’s stock valued at $321,000 after purchasing an additional 2,625 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

About IBEX

IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.

The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.

IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.