IBEX Limited (NASDAQ:IBEX) Receives $19.20 Average Price Target from Brokerages

IBEX Limited (NASDAQ:IBEX) has earned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.50.

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Robert W. Baird raised their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday.

Insider Transactions at IBEX

In other news, Director Shuja Keen sold 6,086 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.46, for a total value of $124,519.56. Following the sale, the director now directly owns 140,024 shares of the company’s stock, valued at approximately $2,864,891.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.80% of the company’s stock.

Institutional Trading of IBEX

A number of institutional investors have recently made changes to their positions in IBEX. Circumference Group LLC purchased a new position in IBEX during the fourth quarter valued at approximately $7,842,000. Kennedy Capital Management LLC lifted its holdings in IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares in the last quarter. American Century Companies Inc. lifted 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 valued at $21,663,000 after purchasing an additional 55,216 shares in the last quarter. Private Capital Management LLC purchased a new position in IBEX during the fourth quarter valued at approximately $920,000. Finally, Quadrature Capital Ltd purchased a new position in IBEX during the first quarter valued at approximately $349,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Stock Performance

NASDAQ IBEX opened at $19.11 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $328.96 million, a price-to-earnings ratio of 12.49 and a beta of 0.73. The firm’s 50 day simple moving average is $16.86 and its 200 day simple moving average is $15.66. IBEX has a 1 year low of $13.00 and a 1 year high of $20.56.

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.