Allspring Global Investments Holdings LLC Sells 18,814 Shares of IBEX Limited $IBEX

Allspring Global Investments Holdings LLC decreased its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 46.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,042 shares of the company's stock after selling 18,814 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of IBEX worth $641,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of IBEX during the 1st quarter valued at about $41,000. CWM LLC boosted its stake in shares of IBEX by 392.7% during the 1st quarter. CWM LLC now owns 2,853 shares of the company's stock valued at $69,000 after purchasing an additional 2,274 shares in the last quarter. Amundi bought a new stake in shares of IBEX during the 1st quarter valued at about $74,000. EP Wealth Advisors LLC bought a new stake in shares of IBEX during the 1st quarter valued at about $217,000. Finally, Aristides Capital LLC bought a new stake in shares of IBEX during the 1st quarter valued at about $267,000. Institutional investors own 81.24% of the company's stock.

IBEX Trading Up 1.1%

NASDAQ:IBEX opened at $37.39 on Friday. IBEX Limited has a one year low of $17.53 and a one year high of $42.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. The company's 50-day simple moving average is $35.09 and its 200 day simple moving average is $30.30. The firm has a market capitalization of $497.66 million, a P/E ratio of 15.64 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IBEX shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of IBEX in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on shares of IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $34.50.

Insider Buying and Selling at IBEX

In other IBEX news, insider Christina Al Trofimuk-O'connor sold 1,001 shares of IBEX stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total value of $39,619.58. Following the completion of the transaction, the insider directly owned 13,954 shares of the company's stock, valued at approximately $552,299.32. The trade was a 6.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Thomas Dechant sold 45,027 shares of IBEX stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $38.89, for a total transaction of $1,751,100.03. Following the completion of the transaction, the chief executive officer directly owned 191,999 shares of the company's stock, valued at $7,466,841.11. This trade represents a 19.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,315 shares of company stock valued at $3,036,165 over the last three months. 6.72% of the stock is currently owned by corporate 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.

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