IBEX (NASDAQ:IBEX) Lowered to Neutral Rating by Robert W. Baird

IBEX (NASDAQ:IBEX - Get Free Report) was downgraded by research analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a research note issued to investors on Monday,Briefing.com Automated Import reports. They currently have a $30.00 target price on the stock. Robert W. Baird's target price would indicate a potential downside of 1.80% from the stock's current price.

Separately, Royal Bank of Canada raised their price target on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th.

IBEX Stock Up 19.1%

IBEX stock opened at $30.55 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $403.02 million, a PE ratio of 14.34 and a beta of 0.74. The business has a 50 day simple moving average of $24.52 and a 200-day simple moving average of $22.66. IBEX has a 12 month low of $14.20 and a 12 month high of $32.08.

IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Insiders Place Their Bets

In other IBEX news, Director Mohammedulla Khaishgi sold 12,600 shares of IBEX stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.74, for a total value of $324,324.00. Following the transaction, the director now directly owns 152,912 shares in the company, valued at approximately $3,935,954.88. This trade represents a 7.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christina Al Trofimuk-O'connor sold 7,500 shares of IBEX stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the transaction, the insider now owns 17,050 shares of the company's stock, valued at $434,945.50. This represents a 30.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,785 shares of company stock valued at $3,227,718 in the last 90 days. 6.72% of the stock is owned by insiders.

Institutional Investors Weigh In On IBEX

Several hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares during the last quarter. JPMorgan Chase & Co. increased its stake in IBEX by 386.9% during the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock worth $387,000 after acquiring an additional 15,372 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of IBEX by 76.9% in the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock worth $706,000 after purchasing an additional 14,279 shares during the period. SG Americas Securities LLC acquired a new position in shares of IBEX in the 4th quarter valued at about $116,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of IBEX in the 4th quarter valued at about $307,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.