IBEX (NASDAQ:IBEX) CFO Taylor Greenwald Sells 2,295 Shares

Key Points

• IBEX CFO Taylor Greenwald sold 2,295 shares of the company's stock for a total of approximately $93,475, reducing his ownership by 6.40%.
• The company's stock was trading at $41.26 with a market capitalization of $549.17 million, and a 52-week high of $42.99.
• Institutional investors own 81.24% of IBEX stock, with various funds increasing their positions in recent quarters.

IBEX Limited (NASDAQ:IBEX - Get Free Report) CFO Taylor Greenwald sold 2,295 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $40.73, for a total transaction of $93,475.35. Following the sale, the chief financial officer directly owned 33,561 shares of the company's stock, valued at approximately $1,366,939.53. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IBEX Stock Performance

NASDAQ:IBEX traded down $0.70 during mid-day trading on Tuesday, hitting $41.26. The stock had a trading volume of 153,703 shares, compared to its average volume of 172,056. The company has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $28.19. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $549.17 million, a price-to-earnings ratio of 17.26 and a beta of 0.77. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE acquired a new position in shares of IBEX during the 1st quarter worth about $41,000. Deutsche Bank AG bought a new position in IBEX during the fourth quarter worth $46,000. CWM LLC increased its position in IBEX by 392.7% during the first quarter. CWM LLC now owns 2,853 shares of the company's stock worth $69,000 after acquiring an additional 2,274 shares during the period. Amundi bought a new position in IBEX during the first quarter worth $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IBEX by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock worth $159,000 after acquiring an additional 434 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their target price on shares of IBEX from $31.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $34.50.

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.

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