IBEX's (IBEX) Hold (C+) Rating Reiterated at Weiss Ratings

IBEX (NASDAQ:IBEX - Get Free Report)'s stock had its "hold (c+)" rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Royal Bank Of Canada lifted 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. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.50.

IBEX Stock Up 0.5%

IBEX stock opened at $37.47 on Wednesday. IBEX has a 1-year low of $17.53 and a 1-year high of $42.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $498.73 million, a PE ratio of 15.68 and a beta of 0.83. The stock's fifty day moving average is $33.25 and its two-hundred day moving average is $29.37.

Insider Activity at IBEX

In other news, CEO Robert Thomas Dechant sold 45,027 shares of IBEX stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $38.89, for a total transaction of $1,751,100.03. Following the completion of the sale, the chief executive officer directly owned 191,999 shares in the company, valued at approximately $7,466,841.11. This trade represents a 19.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie K. Casteel sold 5,000 shares of IBEX 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 transaction, the insider owned 25,895 shares of the company's stock, valued at $1,009,905. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,315 shares of company stock worth $3,036,165. 6.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock valued at $159,000 after buying an additional 434 shares during the period. Martingale Asset Management L P raised its stake in IBEX by 2.3% during the first quarter. Martingale Asset Management L P now owns 44,723 shares of the company's stock worth $1,089,000 after acquiring an additional 999 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of IBEX by 9.9% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,996 shares of the company's stock valued at $465,000 after purchasing an additional 1,438 shares during the period. Rhumbline Advisers boosted its holdings in shares of IBEX by 11.4% in the second quarter. Rhumbline Advisers now owns 14,320 shares of the company's stock valued at $417,000 after acquiring an additional 1,466 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of IBEX by 53.3% in the second quarter. CWM LLC now owns 4,373 shares of the company's stock valued at $127,000 after acquiring an additional 1,520 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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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