IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II Sells 19,642 Shares

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 19,642 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.03, for a total transaction of $373,787.26. Following the completion of the transaction, the director now owns 1,719,739 shares of the company’s stock, valued at approximately $32,726,633.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Gem G.P. L.P. Pinebridge II also recently made the following trade(s):

• On Tuesday, October 8th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.05, for a total transaction of $381,000.00.
• On Wednesday, October 2nd, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.24, for a total transaction of $384,800.00.
• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.82, for a total transaction of $396,400.00.
• On Wednesday, September 25th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Trading Up 0.6 %

NASDAQ:IBEX opened at $19.32 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $324.58 million, a price-to-earnings ratio of 10.44 and a beta of 0.74. The firm has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $16.18. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $20.56.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of IBEX by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after buying an additional 1,874 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of IBEX in the second quarter valued at $38,000. Dimensional Fund Advisors LP lifted its stake in shares of IBEX by 1.6% in the second 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 in the last quarter. Victory Capital Management Inc. lifted its stake in shares of IBEX by 5.9% in the second quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock valued at $893,000 after buying an additional 3,084 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of IBEX by 9.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after buying an additional 3,191 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBEX. Robert W. Baird increased their price objective on shares of IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of 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 given a buy rating to the company. According to MarketBeat.com, IBEX currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

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.