Group International L. Resource Sells 59,269 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Group International L. Resource sold 59,269 shares of IBEX stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $20.05, for a total transaction of $1,188,343.45. Following the completion of the sale, the director now directly owns 5,375,114 shares of the company’s stock, valued at $107,771,035.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

IBEX Trading Down 0.5 %

Shares of IBEX stock opened at $19.99 on Wednesday. The firm has a market cap of $344.11 million, a P/E ratio of 13.07 and a beta of 0.73. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $20.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s 50-day simple moving average is $17.14 and its 200-day simple moving average is $15.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings 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 during the period. Meeder Asset Management Inc. purchased a new position in IBEX in the second quarter valued at approximately $38,000. Dimensional Fund Advisors LP raised its holdings in 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 during the period. Victory Capital Management Inc. raised its holdings in 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 during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings 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 during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBEX has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their price objective 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. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.