Bruce Neil Dawson Sells 13,500 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the transaction, the insider now owns 5,607 shares of the company’s stock, valued at $134,568. This trade represents a 70.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

IBEX Stock Up 10.9 %

IBEX stock traded up $2.40 during midday trading on Friday, reaching $24.49. The company had a trading volume of 508,055 shares, compared to its average volume of 132,774. The stock has a 50 day moving average price of $21.21 and a 200 day moving average price of $19.30. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $25.03. The firm has a market capitalization of $410.45 million, a PE ratio of 12.96 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Analyst Ratings Changes

IBEX has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday. Robert W. Baird lifted their price target on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Hedge Funds Weigh In On IBEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBEX. Dimensional Fund Advisors LP grew its holdings in IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after buying an additional 3,052 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in IBEX in the third quarter worth approximately $371,000. Victory Capital Management Inc. lifted its position in IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,450 shares during the period. Meeder Asset Management Inc. lifted its position in IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after purchasing an additional 8,433 shares during the period. Finally, FMR LLC lifted its position in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the period. 81.24% of the stock is owned by institutional investors.

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.