IBEX (NASDAQ:IBEX) COO Sells $11,739.39 in Stock

Key Points

• IBEX Limited COO David Martin Afdahl sold 403 shares for $11,739.39, reducing his ownership by 0.73% to 54,986 shares valued at approximately $1.6 million.
• Royal Bank of Canada has increased its target price for IBEX shares from $31.00 to $39.00, indicating a "sector perform" rating.
• Institutional investors own 81.24% of IBEX's stock, with notable increases in holdings from Ameriprise Financial and Bank of America in the last quarter.

IBEX Limited (NASDAQ:IBEX - Get Free Report) COO David Martin Afdahl sold 403 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 $11,739.39. Following the completion of the sale, the chief operating officer directly owned 54,986 shares in the company, valued at approximately $1,601,742.18. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

IBEX Price Performance

Shares of IBEX stock traded down $2.73 on Monday, reaching $38.85. The stock had a trading volume of 539,367 shares, compared to its average volume of 162,503. The business's 50 day moving average is $29.68 and its two-hundred day moving average is $27.53. The company has a market cap of $517.09 million, a P/E ratio of 16.90 and a beta of 0.77. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. IBEX Limited has a 1 year low of $17.53 and a 1 year high of $42.99.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, IBEX currently has an average rating of "Hold" and an average target price of $34.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in IBEX by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock valued at $10,969,000 after acquiring an additional 4,777 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in IBEX in the fourth quarter valued at $825,000. Bank of America Corp DE boosted its holdings in IBEX by 206.9% in the fourth quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock valued at $855,000 after acquiring an additional 26,822 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in IBEX by 4.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,542 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in IBEX in the fourth quarter valued at $46,000. 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.

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