IBEX (NASDAQ:IBEX) Stock: Insider Bruce Neil Dawson Sells 4,050 Shares

Key Points

• IBEX insider Bruce Neil Dawson sold 4,050 shares at an average price of $50.65, totaling about $205,133. He retained 67,873 shares after the sale.
• IBEX beat quarterly earnings and revenue expectations, reporting EPS of $1.10 versus $0.90 expected and revenue of $175.23 million versus $169.31 million expected.
• The stock rose to $52.23, near its 12-month high of $52.29. Analysts’ consensus rating was Hold, with an average price target of $44.50.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Bruce Dawson sold 4,050 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $50.65, for a total transaction of $205,132.50. Following the completion of the sale, the insider owned 67,873 shares of the company's stock, valued at approximately $3,437,767.45. The trade was a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

IBEX Price Performance

IBEX stock traded up $1.95 on Tuesday, hitting $52.23. 432,801 shares of the company were exchanged, compared to its average volume of 124,838. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $52.29. The business's fifty day moving average is $43.25 and its two-hundred day moving average is $34.57. The stock has a market capitalization of $696.75 million, a price-to-earnings ratio of 15.83 and a beta of 0.74.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $175.23 million for the quarter, compared to the consensus estimate of $169.31 million. IBEX had a net margin of 7.19% and a return on equity of 28.96%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IBEX. Bullock Wealth Management Group acquired a new position in IBEX during the third quarter valued at approximately $36,000. Signaturefd LLC grew its stake in IBEX by 272.4% during the third quarter. Signaturefd LLC now owns 1,784 shares of the company's stock worth $77,000 after buying an additional 1,305 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in IBEX during the third quarter worth approximately $85,000. D Orazio & Associates Inc. acquired a new stake in shares of IBEX in the third quarter worth $213,000. Finally, Vise Technologies Inc. acquired a new stake in shares of IBEX in the third quarter worth $223,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

IBEX has been the topic of several research reports. Robert W. Baird increased their target price on IBEX from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday, September 28th. Wall Street Zen upgraded IBEX from a "buy" rating to a "strong-buy" rating in a report on Saturday. Royal Bank Of Canada boosted their price target on IBEX from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, Weiss Ratings upgraded IBEX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, IBEX has a consensus rating of "Hold" and an average price target of $44.50.

IBEX Company Profile

IBEX Limited NASDAQ: IBEX is a business process outsourcing and customer experience technology company. It provides customer service, technical support, sales, back-office processing and other digital services for businesses across industries, including communications, healthcare, retail, logistics and financial services. The company combines customer contact centers, digital engagement channels, analytics and artificial intelligence-enabled tools to help clients manage customer interactions and improve operational efficiency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.