Mohammedulla Khaishgi Sells 806 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 806 shares of IBEX stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $22.50, for a total value of $18,135.00. Following the completion of the sale, the director now owns 215,912 shares of the company’s stock, valued at $4,858,020. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mohammedulla Khaishgi also recently made the following trade(s):

• On Monday, January 27th, Mohammedulla Khaishgi sold 4,626 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00.
• On Friday, January 24th, Mohammedulla Khaishgi sold 400 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total transaction of $18,315.00.
• On Tuesday, November 19th, Mohammedulla Khaishgi sold 1,129 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total value of $22,580.00.

IBEX Stock Down 0.4 %

IBEX opened at $22.01 on Friday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $22.67. The company has a 50 day moving average of $21.07 and a two-hundred day moving average of $19.12. The company has a market cap of $368.89 million, a P/E ratio of 11.65 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The firm had revenue of $129.72 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their target price on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, IBEX has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Institutional Investors Weigh In On IBEX

A number of large investors have recently modified their holdings of IBEX. Dimensional Fund Advisors LP boosted its holdings in IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after acquiring an additional 3,052 shares during the period. State Street Corp lifted its position in shares of IBEX by 1.2% during the third quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after purchasing an additional 2,105 shares in the last quarter. Sei Investments Co. boosted its stake in shares of IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after purchasing an additional 15,507 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock worth $1,701,000 after buying an additional 14,411 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in IBEX in the 4th quarter worth $1,411,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.