IBEX Limited (NASDAQ:IBEX) Insider Bruce Neil Dawson Sells 13,500 Shares

IBEX Limited (NASDAQ:IBEXGet Free Report) insider Bruce Neil Dawson sold 13,500 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.00, for a total transaction of $324,000.00. Following the completion of the sale, the insider now owns 5,607 shares in the company, valued at $134,568. This represents a 70.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

IBEX Stock Performance

Shares of IBEX stock opened at $24.49 on Monday. The firm has a fifty day moving average of $21.29 and a 200-day moving average of $19.37. The stock has a market cap of $410.45 million, a price-to-earnings ratio of 11.50 and a beta of 0.78. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $25.03.

IBEX (NASDAQ:IBEXGet Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBEX shares. Royal Bank of Canada increased their target price on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday. Robert W. Baird raised their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Check Out Our Latest Stock Analysis on IBEX

Institutional Trading of IBEX

Several institutional investors have recently bought and sold shares of IBEX. Sanctuary Advisors LLC acquired a new stake in shares of IBEX in the 4th quarter valued at $1,411,000. Walleye Capital LLC acquired a new position in IBEX in the third quarter valued at about $556,000. Quadrature Capital Ltd acquired a new position in IBEX in the third quarter valued at about $522,000. Denali Advisors LLC acquired a new stake in shares of IBEX during the fourth quarter worth approximately $558,000. Finally, Virtu Financial LLC bought a new position in shares of IBEX in the third quarter valued at approximately $380,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

About IBEX

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for IBEX (NASDAQ:IBEX)

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