Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells $100,175.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Paul Inson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $40.07, for a total value of $100,175.00. Following the sale, the insider directly owned 27,224 shares of the company’s stock, valued at $1,090,865.68. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $90,960.00.

IBEX Trading Down 1.8%

NASDAQ:IBEX opened at $40.20 on Friday. The firm has a market capitalization of $533.86 million, a PE ratio of 12.84 and a beta of 0.72. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.40. The firm’s fifty day simple moving average is $36.71 and its 200 day simple moving average is $32.19.

IBEX (NASDAQ:IBEX) last released its 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. The firm had revenue of $164.27 million during the quarter, compared to analyst estimates of $160.02 million. IBEX had a net margin of 7.19% and a return on equity of 28.96%.

Hedge Funds Weigh In On IBEX

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after purchasing an additional 24,942 shares in the last quarter. Tieton Capital Management LLC acquired a new stake in IBEX during the second quarter worth $8,353,000. Hillsdale Investment Management Inc. boosted its stake in IBEX by 2.8% during the first quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock worth $7,086,000 after buying an additional 7,300 shares in the last quarter. Globeflex Capital L P bought a new stake in IBEX in the 2nd quarter valued at $3,112,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in IBEX by 121.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 95,665 shares of the company’s stock valued at $2,566,000 after buying an additional 52,526 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBEX shares. Robert W. Baird lifted their price target on IBEX from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of IBEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IBEX has an average rating of “Hold” and a consensus price target of $40.00.

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.