Group International L. Resource Sells 2,011 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Group International L. Resource sold 2,011 shares of IBEX stock in a transaction on Friday, November 8th. The stock was sold at an average price of $20.00, for a total transaction of $40,220.00. Following the sale, the director now owns 5,348,432 shares in the company, valued at $106,968,640. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IBEX Stock Down 0.3 %

IBEX opened at $19.55 on Friday. The business has a 50 day moving average price of $18.74 and a two-hundred day moving average price of $16.80. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56. The company has a market cap of $327.66 million, a PE ratio of 10.57 and a beta of 0.76. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The firm had revenue of $124.53 million during the quarter. IBEX had a return on equity of 22.04% and a net margin of 6.62%.

Analyst Ratings Changes

IBEX has been the subject of several research reports. Robert W. Baird boosted their target price on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada increased their price objective on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Institutional Trading of IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in IBEX by 4.3% during the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after purchasing an additional 55,216 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of IBEX by 341.7% during the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after buying an additional 218,679 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after buying an additional 3,052 shares during the period. Sei Investments Co. boosted its stake in shares of IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after buying an additional 15,507 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after acquiring an additional 3,450 shares during the period. Hedge funds and other 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.