IBEX (NASDAQ:IBEX) Insider Sells $149,179.14 in Stock

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 stock in a transaction on Friday, September 12th. The stock was sold at an average price of $38.94, for a total transaction of $149,179.14. Following the completion of the sale, the insider owned 3,266 shares in the company, valued at approximately $127,178.04. This trade represents a 53.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $29.13, for a total transaction 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 transaction of $300,000.00.

IBEX Stock Performance

Shares of IBEX traded down $2.73 during midday trading on Monday, reaching $38.85. The stock had a trading volume of 539,367 shares, compared to its average volume of 162,503. The firm has a 50 day simple moving average of $29.68 and a 200-day simple moving average of $27.53. IBEX Limited has a one year low of $17.53 and a one year high of $42.99. The firm has a market cap of $517.09 million, a PE 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.

Institutional Investors Weigh In On IBEX

Several hedge funds and other institutional investors have recently bought and sold shares of IBEX. Acadian Asset Management LLC increased its stake in IBEX by 121.1% in the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company's stock valued at $10,011,000 after purchasing an additional 225,380 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in IBEX in the first quarter valued at $3,591,000. AQR Capital Management LLC increased its stake in IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock valued at $3,407,000 after purchasing an additional 105,997 shares in the last quarter. Nuveen LLC bought a new stake in IBEX in the first quarter valued at $2,279,000. Finally, Two Sigma Advisers LP increased its stake in IBEX by 97.7% in the fourth quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock valued at $3,131,000 after purchasing an additional 72,000 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada boosted their target price on shares of IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research report on Friday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.50.

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.

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