On September 26, 2024, Resource Group International Ltd, a Director and 10% Owner at IBEX Ltd (IBEX, Financial), sold 12,223 shares of the company. Following this transaction, the insider now owns 5,362,891 shares of IBEX Ltd. Details of the sale can be found in the SEC Filing.
IBEX Ltd operates as a global provider of outsourced CX solutions, delivering lifecycle customer engagement services. The company's offerings include customer support, technical support, and other CX management solutions, which are designed to enhance the customer experience for its clients across various industries.
Over the past year, Resource Group International Ltd has engaged in multiple transactions involving IBEX Ltd shares, selling a total of 106,024 shares and purchasing none. This recent sale is part of a broader trend observed over the past year, where there have been 17 insider sells and no insider buys at IBEX Ltd.
Shares of IBEX Ltd were priced at $20.01 on the day of the transaction. The company's market cap is currently $334.384 million. IBEX Ltd's price-earnings ratio stands at 10.82, which is below both the industry median of 26.61 and the company’s historical median.
The stock's valuation, according to GF Value, is $18.92, leading to a price-to-GF-Value ratio of 1.06. This suggests that IBEX Ltd is Fairly Valued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on its current market valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
