IBEX Limited (NASDAQ:IBEX) Insider Paul Joseph Inson Sells 3,690 Shares

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Joseph Inson sold 3,690 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total value of $105,497.10. Following the sale, the insider now owns 17,352 shares of the company's stock, valued at approximately $496,093.68. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

IBEX Price Performance

IBEX traded down $0.34 during trading on Monday, hitting $28.45. The company's stock had a trading volume of 93,454 shares, compared to its average volume of 132,129. The firm's 50 day moving average price is $25.63 and its two-hundred day moving average price is $23.72. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 12 month low of $15.15 and a 12 month high of $32.08. The stock has a market capitalization of $380.43 million, a price-to-earnings ratio of 13.36 and a beta of 0.74.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a report on Monday, May 12th. Royal Bank of Canada raised their target price on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

Hedge Funds Weigh In On IBEX

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after acquiring an additional 1,401 shares during the last quarter. US Bancorp DE bought a new stake in shares of IBEX during the first quarter worth $41,000. Deutsche Bank AG bought a new stake in shares of IBEX during the fourth quarter worth $46,000. Finally, R Squared Ltd bought a new stake in shares of IBEX during the fourth quarter worth $48,000. Institutional investors own 81.24% of the company's stock.

About IBEX

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.