Insider Selling: IBEX (NASDAQ:IBEX) Insider Sells 366 Shares of Stock

Key Points

• IBEX Limited insider Christina Al Trofimuk-O'connor sold 366 shares of stock at an average price of $29.13, decreasing their position by 2.83%.
• IBEX's stock traded down 6.6% to $38.85 during Monday's session, amid increased trading volume compared to its average.
• Analysts have raised IBEX's price target from $31.00 to $39.00, with a consensus rating of "Hold" and a price target of $34.50.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Christina Al Trofimuk-O'connor sold 366 shares of IBEX stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $29.13, for a total value of $10,661.58. Following the sale, the insider directly owned 12,571 shares of the company's stock, valued at approximately $366,193.23. The trade was a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

IBEX Stock Down 6.6%

IBEX traded down $2.73 during trading on Monday, reaching $38.85. 539,367 shares of the stock traded hands, compared to its average volume of 162,503. The stock has a market cap of $517.09 million, a price-to-earnings ratio of 16.90 and a beta of 0.77. IBEX Limited has a fifty-two week low of $17.53 and a fifty-two week 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's 50-day simple moving average is $29.68 and its two-hundred day simple moving average is $27.53.

Hedge Funds Weigh In On IBEX

Several large investors have recently made changes to their positions in IBEX. Ameriprise Financial Inc. lifted its position in shares of IBEX by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock worth $10,969,000 after purchasing an additional 4,777 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of IBEX during the 4th quarter worth about $825,000. Bank of America Corp DE lifted its position in shares of IBEX by 206.9% during the 4th quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock worth $855,000 after purchasing an additional 26,822 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of IBEX by 4.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock worth $1,372,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of IBEX during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their price objective on IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research report on Friday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX presently has a consensus rating of "Hold" and a consensus price target of $34.50.

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.