Paul Joseph Inson Sells 697 Shares of IBEX (NASDAQ:IBEX) Stock

Key Points

• Paul Joseph Inson, an insider at IBEX Limited, sold 697 shares of IBEX stock on October 2nd for a total of $27,587.26, resulting in a 12.42% decrease in his position.
• IBEX stock experienced a trading decline of 3.0%, reaching $39.51, with an average volume of 142,100 shares amidst recent trading activity.
• Royal Bank of Canada raised its price objective for IBEX shares from $31.00 to $39.00, maintaining a "sector perform" rating, while the stock holds an average rating of "Hold" with a consensus price target of $34.50.

IBEX Limited (NASDAQ:IBEX - Get Free Report) insider Paul Joseph Inson sold 697 shares of IBEX stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $39.58, for a total transaction of $27,587.26. Following the completion of the transaction, the insider owned 4,916 shares in the company, valued at approximately $194,575.28. The trade was a 12.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paul Joseph Inson also recently made the following trade(s):

• On Tuesday, August 26th, Paul Joseph Inson sold 255 shares of IBEX stock. The shares were sold at an average price of $29.13, for a total value of $7,428.15.
• On Friday, September 12th, Paul Joseph Inson sold 3,831 shares of IBEX stock. The shares were sold at an average price of $38.94, for a total value of $149,179.14.
• On Friday, August 22nd, Paul Joseph Inson sold 10,000 shares of IBEX stock. The stock was sold at an average price of $30.00, for a total value of $300,000.00.

IBEX Trading Down 3.0%

IBEX stock traded down $1.22 during midday trading on Thursday, hitting $39.51. The company had a trading volume of 142,100 shares, compared to its average volume of 170,900. The stock's 50 day moving average price is $32.46 and its 200 day moving average price is $28.94. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99. The stock has a market cap of $525.88 million, a price-to-earnings ratio of 16.53 and a beta of 0.82. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada boosted their price objective on shares of IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $34.50.

Hedge Funds Weigh In On IBEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in shares of IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company's stock valued at $10,011,000 after acquiring an additional 225,380 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in IBEX during the 1st quarter valued at about $3,591,000. AQR Capital Management LLC raised its holdings in IBEX by 312.6% in the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock worth $3,407,000 after buying an additional 105,997 shares during the last quarter. Nuveen LLC bought a new position in shares of IBEX in the first quarter worth approximately $2,279,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of IBEX during the first quarter valued at approximately $1,374,000. Institutional investors own 81.24% of the company's stock.

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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