Taylor C. Greenwald Sells 438 Shares of IBEX (NASDAQ:IBEX) Stock

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 C. Greenwald sold 438 shares of IBEX stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $29.13, for a total transaction of $12,758.94. Following the transaction, the chief financial officer owned 35,856 shares in the company, valued at $1,044,485.28. This represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

IBEX Stock Performance

IBEX stock traded down $1.06 during trading on Friday, reaching $40.94. The company had a trading volume of 284,278 shares, compared to its average volume of 216,759. The firm's 50-day simple moving average is $30.69 and its 200 day simple moving average is $28.02. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99. 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 firm has a market capitalization of $544.91 million, a price-to-earnings ratio of 17.13 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Separately, 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. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.50.

Hedge Funds Weigh In On IBEX

A number of institutional investors have recently added to or reduced their stakes in IBEX. US Bancorp DE purchased a new position in IBEX during the first quarter worth about $41,000. Deutsche Bank AG acquired a new position in shares of IBEX in the 4th quarter worth approximately $46,000. CWM LLC lifted its holdings in shares of IBEX by 392.7% in the 1st 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 last quarter. Amundi purchased a new position in shares of IBEX during the 1st quarter worth approximately $74,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in IBEX by 8.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock valued at $159,000 after purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

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.