IBEX (NASDAQ:IBEX) Insider Paul Joseph Inson Sells 3,831 Shares

Key Points

• Paul Joseph Inson, an insider at IBEX Limited, sold 3,831 shares of stock for a total of $149,179.14, representing a 53.98% decrease in his ownership of the company's shares.
• IBEX stock is currently trading at $38.85, showing a decline of $2.73, and has a market capitalization of $517.09 million.
• Analysts from Royal Bank of Canada raised the target price for IBEX shares from $31.00 to $39.00, indicating a "sector perform" rating for the stock.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Joseph Inson sold 3,831 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $38.94, for a total value of $149,179.14. Following the completion of the transaction, the insider owned 3,266 shares in the company, valued at $127,178.04. The trade was a 53.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Paul Joseph Inson also recently made the following trade(s):

• On Tuesday, August 26th, Paul Joseph Inson sold 255 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total value of $7,428.15.
• On Friday, August 22nd, Paul Joseph Inson sold 10,000 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total value of $300,000.00.

IBEX Price Performance

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lifted their price target on IBEX from $31.00 to $39.00 and gave the stock a "sector perform" rating in a report on Friday, September 12th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.50.

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of IBEX by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock worth $11,716,000 after purchasing an additional 23,800 shares during the last quarter. Ameriprise Financial Inc. increased its stake in IBEX by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock worth $10,969,000 after purchasing an additional 4,777 shares during the period. Acadian Asset Management LLC increased its stake in IBEX by 8.0% during the second quarter. Acadian Asset Management LLC now owns 444,377 shares of the company's stock worth $12,924,000 after purchasing an additional 32,911 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in IBEX by 0.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 389,234 shares of the company's stock worth $11,327,000 after purchasing an additional 1,844 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in IBEX by 18.6% during the second quarter. Hillsdale Investment Management Inc. now owns 260,500 shares of the company's stock worth $7,581,000 after purchasing an additional 40,800 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

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.