IBEX (NASDAQ:IBEX) PT Raised to $23.00

IBEX (NASDAQ:IBEX) had its price target lifted by stock analysts at Robert W. Baird from $20.00 to $23.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 20.36% from the stock’s previous close.

Separately, Royal Bank of Canada increased their target price 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

IBEX Trading Down 4.2 %

IBEX stock opened at $19.11 on Monday. IBEX has a 52 week low of $13.00 and a 52 week high of $20.56. The company has a market capitalization of $328.96 million, a PE ratio of 12.49 and a beta of 0.73. The company’s 50-day simple moving average is $16.86 and its 200 day simple moving average is $15.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42.

Insider Transactions at IBEX

In other IBEX news, Director Shuja Keen sold 6,086 shares of the firm’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 transaction, 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 SEC, which is available through this link. 20.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in IBEX during the second quarter worth about $38,000. Quadrature Capital Ltd acquired a new position in IBEX during the 1st quarter worth approximately $349,000. Bank of New York Mellon Corp lifted its stake in IBEX by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after purchasing an additional 3,759 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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. Finally, Jacobs Levy Equity Management Inc. boosted its position in 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 currently 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.