Franklin Resources Inc. Sells 22,778 Shares of IBEX Limited $IBEX

Franklin Resources Inc. lessened its holdings in IBEX Limited (NASDAQ:IBEX) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 206,513 shares of the company’s stock after selling 22,778 shares during the period. Franklin Resources Inc. owned 1.54% of IBEX worth $6,010,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IBEX. US Bancorp DE bought a new position in shares of IBEX in the first quarter worth about $41,000. Amundi bought a new position in IBEX in the 1st quarter worth approximately $74,000. CWM LLC grew its holdings in IBEX by 53.3% during the 2nd quarter. CWM LLC now owns 4,373 shares of the company’s stock valued at $127,000 after buying an additional 1,520 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of IBEX during the first quarter valued at approximately $217,000. Finally, Moran Wealth Management LLC purchased a new position in shares of IBEX in the second quarter worth $226,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on IBEX shares. Royal Bank Of Canada raised their target price on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of IBEX in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, IBEX has an average rating of “Hold” and a consensus price target of $35.00.

Insider Transactions at IBEX

In other IBEX news, insider Julie K. Casteel sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. Following the sale, the insider directly owned 25,895 shares of the company’s stock, valued at $1,009,905. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Taylor C. Greenwald sold 2,295 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $40.73, for a total value of $93,475.35. Following the completion of the sale, the chief financial officer directly owned 33,561 shares of the company’s stock, valued at $1,366,939.53. The trade was a 6.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 67,574 shares of company stock worth $2,627,189. 3.40% of the stock is currently owned by corporate insiders.

IBEX Trading Up 0.2%

Shares of IBEX opened at $35.16 on Monday. The stock has a market capitalization of $473.43 million, a PE ratio of 12.65 and a beta of 0.82. The company’s fifty day moving average is $37.37 and its 200 day moving average is $32.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. IBEX Limited has a fifty-two week low of $19.34 and a fifty-two week high of $42.99.

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.