IBEX (NASDAQ:IBEX) Insider Sells $195,000.00 in Stock

Key Points

• Julie Casteel, an insider at IBEX Limited, sold 5,000 shares of the company’s stock for a total of $195,000, reducing her holdings by 16.18%.
• IBEX stock saw an increase of 3.8%, trading at $40.37, with a market capitalization of $537.32 million.
• Institutional investors hold 81.24% of IBEX shares, with several firms increasing their stakes in the company during recent quarters.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Julie K. Casteel sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total value of $195,000.00. Following the completion of the transaction, the insider directly owned 25,895 shares in the company, valued at $1,009,905. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IBEX Price Performance

Shares of IBEX traded down $1.06 on Friday, hitting $40.94. The company's stock had a trading volume of 284,278 shares, compared to its average volume of 227,178. The company has a market capitalization of $544.91 million, a PE ratio of 17.13 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. IBEX Limited has a fifty-two week low of $17.53 and a fifty-two week high of $42.99. The company has a 50 day moving average price of $30.69 and a 200 day moving average price of $28.07.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently bought and sold shares of IBEX. Jacobs Levy Equity Management Inc. raised its holdings in shares of IBEX by 73.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company's stock valued at $2,834,000 after purchasing an additional 49,167 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of IBEX during the first quarter valued at about $217,000. Allspring Global Investments Holdings LLC raised its holdings in shares of IBEX by 19.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company's stock valued at $995,000 after purchasing an additional 6,526 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of IBEX by 4.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock valued at $1,372,000 after purchasing an additional 2,542 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of IBEX by 132.5% during the first quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company's stock valued at $2,217,000 after purchasing an additional 51,886 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Ratings Changes

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

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.