Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $324,324.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of IBEX stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.74, for a total value of $324,324.00. Following the completion of the transaction, the director now owns 152,912 shares of the company’s stock, valued at approximately $3,935,954.88. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $27.30, for a total value of $343,980.00.
• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $24.43, for a total value of $307,818.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The shares were sold at an average price of $22.55, for a total value of $225,500.00.
• On Wednesday, January 29th, Mohammedulla Khaishgi sold 806 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total value of $18,135.00.
• 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 value 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 value 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 transaction of $22,580.00.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $27.30 on Friday. The firm has a fifty day moving average of $21.77 and a 200 day moving average of $19.60. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83. The firm has a market capitalization of $457.55 million, a PE ratio of 12.82 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Hedge Funds Weigh In On IBEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL increased its stake in shares of IBEX by 78.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 25,104 shares of the company’s stock valued at $539,000 after purchasing an additional 11,053 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of IBEX during the fourth quarter valued at approximately $205,000. Hsbc Holdings PLC increased its stake in shares of IBEX by 69.0% during the fourth quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock valued at $583,000 after purchasing an additional 11,131 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of IBEX during the fourth quarter valued at approximately $221,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after purchasing an additional 1,401 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IBEX shares. Royal Bank of Canada upped their target price on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Robert W. Baird upped their target price on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

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.