IBEX (NASDAQ:IBEX) CFO Taylor Greenwald Sells 438 Shares

Key Points

• IBEX CFO Taylor Greenwald sold 438 shares on August 26 at an average price of $29.13, reducing his position by 1.21% and leaving him with approximately $1,044,485 in holdings.
• Royal Bank of Canada raised its price target for IBEX shares from $31.00 to $39.00 and maintains a "sector perform" rating, indicating cautious optimism.
• Institutional investors and hedge funds control over 81% of IBEX stock, reflecting strong institutional interest in the company.

IBEX Limited (NASDAQ:IBEX - Get Free Report) CFO Taylor Greenwald sold 438 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $29.13, for a total transaction of $12,758.94. Following the sale, the chief financial officer owned 35,856 shares in the company, valued at approximately $1,044,485.28. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

IBEX Stock Performance

Shares of NASDAQ:IBEX traded down $2.73 during trading hours on Monday, hitting $38.85. The stock had a trading volume of 539,367 shares, compared to its average volume of 162,503. The stock's fifty day simple moving average is $29.68 and its 200 day simple moving average is $27.53. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The firm has a market capitalization of $517.09 million, a price-to-earnings ratio of 16.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in IBEX during the 1st quarter worth approximately $41,000. Deutsche Bank AG acquired a new stake in shares of IBEX during the 4th quarter valued at $46,000. 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 buying an additional 2,274 shares during the period. Amundi acquired a new stake in shares of IBEX during the 1st quarter valued at $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock valued at $159,000 after buying an additional 434 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

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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