IBEX (NASDAQ:IBEX) COO David Martin Afdahl Sells 10,819 Shares

IBEX Limited (NASDAQ:IBEX) COO David Afdahl sold 10,819 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $40.07, for a total transaction of $433,517.33. Following the completion of the transaction, the chief operating officer directly owned 129,187 shares in the company, valued at $5,176,523.09. This trade represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Martin Afdahl also recently made the following trade(s):

• On Tuesday, September 8th, David Afdahl sold 17,500 shares of IBEX stock. The shares were sold at an average price of $37.09, for a total value of $649,075.00.

IBEX Price Performance

IBEX stock opened at $40.80 on Wednesday. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.40. The firm has a market capitalization of $541.82 million, a PE ratio of 13.04 and a beta of 0.72. The business has a 50 day simple moving average of $36.26 and a 200-day simple moving average of $31.97.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. IBEX had a return on equity of 28.96% and a net margin of 7.19%.The firm had revenue of $164.27 million for the quarter, compared to the consensus estimate of $160.02 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IBEX. Pinnacle Wealth Management Advisory Group LLC increased its stake in IBEX by 33.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,576 shares of the company’s stock worth $321,000 after purchasing an additional 2,625 shares during the period. Squarepoint Ops LLC boosted its stake in shares of IBEX by 6.4% in the second quarter. Squarepoint Ops LLC now owns 84,982 shares of the company’s stock valued at $2,581,000 after purchasing an additional 5,127 shares during the period. Globeflex Capital L P purchased a new position in shares of IBEX in the second quarter valued at approximately $3,112,000. Tieton Capital Management LLC acquired a new position in shares of IBEX in the second quarter valued at approximately $8,353,000. Finally, Lazard Asset Management LLC grew its holdings in shares of IBEX by 55.2% in the first quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock valued at $2,391,000 after purchasing an additional 31,697 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of IBEX from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Finally, Wall Street Zen cut IBEX from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.00.

About IBEX

IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.

The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.

IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.