IBEX (NASDAQ:IBEX) Insider Bruce Neil Dawson Sells 8,879 Shares

Key Points

• Insider Bruce Neil Dawson sold 8,879 shares of IBEX stock at an average price of $38.15, resulting in a total transaction of $338,733.85, which reduces his ownership by 66.40%.
• IBEX shares have seen significant trading volume recently, with a current price of $40.15, compared to a 1-year low of $17.53 and a high of $42.99.
• Royal Bank of Canada raised its price target for IBEX from $31.00 to $39.00, indicating a "sector perform" rating, with an average consensus price target of $34.50 among analysts.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Bruce Neil Dawson sold 8,879 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $38.15, for a total transaction of $338,733.85. Following the completion of the sale, the insider owned 4,492 shares of the company's stock, valued at approximately $171,369.80. This trade represents a 66.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bruce Neil Dawson also recently made the following trade(s):

• On Tuesday, August 26th, Bruce Neil Dawson sold 350 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total transaction of $10,195.50.

IBEX Stock Down 2.5%

NASDAQ:IBEX traded down $1.06 on Friday, hitting $40.94. The stock had a trading volume of 284,278 shares, compared to its average volume of 216,759. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $544.91 million, a P/E ratio of 17.13 and a beta of 0.77. IBEX Limited has a 1 year low of $17.53 and a 1 year high of $42.99. The firm's fifty day simple moving average is $30.69 and its two-hundred day simple moving average is $28.05.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised their target price on IBEX from $31.00 to $39.00 and gave the stock a "sector perform" rating in a research report on Friday, September 12th. Three investment 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 price target of $34.50.

Hedge Funds Weigh In On IBEX

Hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. increased its position in shares of IBEX by 73.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company's stock valued at $2,834,000 after acquiring an additional 49,167 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of IBEX during the first quarter valued at about $217,000. Allspring Global Investments Holdings LLC lifted its stake in shares of IBEX by 19.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company's stock worth $995,000 after buying an additional 6,526 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of IBEX by 4.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock worth $1,372,000 after buying an additional 2,542 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of IBEX by 132.5% in the first quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company's stock worth $2,217,000 after buying an additional 51,886 shares in the last quarter. Hedge funds and other 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.