Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells 1,001 Shares of Stock

Key Points

• IBEX Limited insider Christina Al Trofimuk-O'connor sold 1,001 shares on October 2nd for a total of $39,619.58, reducing their ownership by 6.69%.
• The company has seen institutional investors actively increase their holdings, with notable boosts from Bank of America Corp DE and others, now holding 81.24% of IBEX stock.
• Royal Bank of Canada raised their price objective for IBEX from $31.00 to $39.00, and the stock currently has a consensus rating of "Hold" with a target of $34.50.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Christina Al Trofimuk-O'connor sold 1,001 shares of IBEX stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total transaction of $39,619.58. Following the transaction, the insider directly owned 13,954 shares of the company's stock, valued at approximately $552,299.32. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Christina Al Trofimuk-O'connor also recently made the following trade(s):

• On Tuesday, September 16th, Christina Al Trofimuk-O'connor sold 844 shares of IBEX stock. The shares were sold at an average price of $38.50, for a total value of $32,494.00.
• On Tuesday, August 26th, Christina Al Trofimuk-O'connor sold 366 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total value of $10,661.58.

IBEX Price Performance

NASDAQ IBEX traded down $1.22 on Thursday, hitting $39.51. The company had a trading volume of 142,100 shares, compared to its average volume of 170,900. The company has a market capitalization of $525.88 million, a PE ratio of 16.53 and a beta of 0.82. The company's fifty day moving average price is $32.46 and its 200-day moving average price is $28.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. IBEX Limited has a 12-month low of $17.53 and a 12-month high of $42.99.

Institutional Investors Weigh In On IBEX

A number of institutional investors have recently made changes to their positions in IBEX. Bank of America Corp DE grew its position in IBEX by 206.9% in the 4th quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock valued at $855,000 after acquiring an additional 26,822 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of IBEX during the fourth quarter worth about $46,000. Squarepoint Ops LLC acquired a new position in shares of IBEX in the fourth quarter valued at approximately $643,000. Ritholtz Wealth Management raised its position in IBEX by 142.5% during the 1st quarter. Ritholtz Wealth Management now owns 79,682 shares of the company's stock worth $1,940,000 after buying an additional 46,823 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new stake in IBEX in the first quarter valued at about $258,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their price objective on IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a report on Friday, September 12th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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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