IBEX (NASDAQ:IBEX) Director Sells $221,432.20 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mingzhe Zhuang sold 5,522 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $40.10, for a total transaction of $221,432.20. Following the sale, the director owned 2,813 shares in the company, valued at approximately $112,801.30. This trade represents a 66.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

IBEX Stock Performance

IBEX stock opened at $40.20 on Friday. The company has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $32.19. The stock has a market capitalization of $533.86 million, a P/E ratio of 12.84 and a beta of 0.72. IBEX Limited has a one year low of $25.94 and a one year high of $42.40.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Friday, September 11th. The company reported $0.85 earnings per share 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 company had revenue of $164.27 million for the quarter, compared to analyst estimates of $160.02 million.

Analyst Ratings Changes

IBEX has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on IBEX from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Wall Street Zen lowered shares of IBEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of IBEX

A number of institutional investors and hedge funds have recently made changes to their positions in the company. 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 acquiring an additional 2,625 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of IBEX by 6.4% in the 2nd 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 in the last quarter. Globeflex Capital L P acquired a new position in shares of IBEX in the 2nd quarter valued at about $3,112,000. Tieton Capital Management LLC purchased a new stake in shares of IBEX during the 2nd quarter worth about $8,353,000. Finally, Lazard Asset Management LLC increased its position in IBEX by 55.2% during the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company’s stock worth $2,391,000 after purchasing an additional 31,697 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Company Profile

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.