Group International L. Resource Sells 54,517 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Group International L. Resource sold 54,517 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.01, for a total transaction of $1,090,885.17. Following the completion of the transaction, the director now owns 5,293,915 shares of the company’s stock, valued at approximately $105,931,239.15. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

IBEX Stock Performance

Shares of IBEX opened at $19.72 on Friday. The firm has a market cap of $330.51 million, a PE ratio of 10.55 and a beta of 0.76. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.56. The business’s 50 day moving average price is $18.90 and its two-hundred day moving average price is $16.96.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The business had revenue of $124.53 million for the quarter.

Wall Street Analysts Forecast Growth

IBEX has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, IBEX currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Institutional Trading of IBEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in IBEX by 4.3% in the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after acquiring an additional 55,216 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of IBEX by 341.7% in the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after buying an additional 218,679 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after acquiring an additional 3,052 shares in the last quarter. Sei Investments Co. raised its holdings in shares of IBEX by 12.1% in the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after acquiring an additional 15,507 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,450 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

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.