Group International L. Resource Sells 54,517 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Group International L. Resource sold 54,517 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.01, for a total transaction of $1,090,885.17. Following the completion of the sale, the director now directly owns 5,293,915 shares of the company’s stock, valued at $105,931,239.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IBEX Trading Up 2.4 %

IBEX stock opened at $19.94 on Thursday. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56. The stock has a market cap of $334.19 million, a P/E ratio of 10.29 and a beta of 0.76. The stock has a 50 day moving average of $18.84 and a 200-day moving average of $16.94.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $124.53 million for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Wall Street Analysts Forecast Growth

IBEX has been the subject of a number of recent analyst reports. 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 report on Friday, September 13th. Robert W. Baird upped their price objective 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. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, IBEX has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Hedge Funds Weigh In On IBEX

Several large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake 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 buying an additional 55,216 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of IBEX by 341.7% in the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after acquiring an additional 218,679 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of IBEX by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after acquiring an additional 3,052 shares in the last quarter. Sei Investments Co. lifted its stake in IBEX by 12.1% during the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after purchasing an additional 15,507 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

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.