Gem G.P. L.P. Pinebridge II Sells 20,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.89, for a total transaction of $397,800.00. Following the sale, the director now owns 1,864,739 shares in the company, valued at $37,089,658.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Stock Performance

NASDAQ:IBEX remained flat at $19.99 during mid-day trading on Wednesday. 104,762 shares of the company traded hands, compared to its average volume of 63,358. The stock’s fifty day moving average is $17.20 and its 200 day moving average is $15.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $20.56. The company has a market cap of $335.83 million, a price-to-earnings ratio of 12.87 and a beta of 0.73.

Institutional Investors Weigh In On IBEX

Several hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in IBEX by 12.1% during the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after buying an additional 15,507 shares during the period. Dimensional Fund Advisors LP boosted its position in IBEX by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after buying an additional 3,052 shares during the period. Meeder Asset Management Inc. bought a new position in IBEX during the 2nd quarter worth approximately $38,000. American Century Companies Inc. raised its holdings in IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after purchasing an additional 55,216 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in IBEX by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock worth $893,000 after purchasing an additional 3,084 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBEX has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. 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 research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

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.