Christina Al Trofimuk-O’connor Sells 7,500 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) insider Christina Al Trofimuk-O’connor sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total transaction of $191,325.00. Following the sale, the insider now owns 17,050 shares in the company, valued at approximately $434,945.50. This trade represents a 30.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Stock Up 2.0 %

Shares of IBEX stock opened at $26.48 on Thursday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $26.53. The company has a market capitalization of $443.80 million, a P/E ratio of 12.43 and a beta of 0.78. The company has a 50 day moving average of $21.49 and a 200 day moving average of $19.50.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IBEX shares. Robert W. Baird upped their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after acquiring an additional 1,623 shares in the last quarter. R Squared Ltd purchased a new position in IBEX in the fourth quarter valued at approximately $48,000. Quantbot Technologies LP raised its holdings in IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock worth $57,000 after purchasing an additional 2,311 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the 3rd quarter worth approximately $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of IBEX in the 4th quarter valued at $116,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.