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 on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the sale, the insider now directly 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 SEC, which is available through this link.

IBEX Stock Performance

Shares of IBEX opened at $27.24 on Friday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.34. The firm has a market cap of $456.54 million, a price-to-earnings ratio of 12.79 and a beta of 0.78. The business’s fifty day moving average is $21.62 and its 200-day moving average is $19.55.

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

Institutional Investors Weigh In On IBEX

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in shares of IBEX by 9.1% during the fourth quarter. Marshall Wace LLP now owns 111,440 shares of the company’s stock worth $2,395,000 after purchasing an additional 9,279 shares during the period. Jump Financial LLC raised its position in IBEX by 36.3% during the 4th quarter. Jump Financial LLC now owns 18,849 shares of the company’s stock worth $405,000 after purchasing an additional 5,025 shares during the last quarter. Walleye Capital LLC lifted its holdings in IBEX by 267.2% during the 4th quarter. Walleye Capital LLC now owns 102,220 shares of the company’s stock worth $2,197,000 after buying an additional 74,380 shares during the period. XTX Topco Ltd bought a new stake in shares of IBEX in the 4th quarter valued at about $292,000. Finally, Barclays PLC increased its stake in shares of IBEX by 6.8% in the fourth quarter. Barclays PLC now owns 22,046 shares of the company’s stock valued at $473,000 after buying an additional 1,410 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

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

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.