Mohammedulla Khaishgi Sells 12,600 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total value of $333,900.00. Following the transaction, the director now directly owns 89,912 shares of the company’s stock, valued at $2,382,668. The trade was a 12.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 18th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $26.96, for a total value of $339,696.00.
• 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 Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $25.74, for a total value of $324,324.00.
• 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 stock was 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 stock was 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 shares were 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 shares were 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 value of $18,315.00.

IBEX Stock Down 3.4 %

Shares of NASDAQ IBEX traded down $0.92 during mid-day trading on Thursday, reaching $25.83. The company had a trading volume of 221,706 shares, compared to its average volume of 186,424. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $27.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $340.70 million, a PE ratio of 12.13 and a beta of 0.78. The stock’s 50 day moving average is $22.32 and its 200-day moving average is $19.90.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Institutional Investors Weigh In On IBEX

Several hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in shares of IBEX by 3.7% during the fourth quarter. Royce & Associates LP now owns 548,481 shares of the company’s stock worth $11,787,000 after buying an additional 19,481 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of IBEX by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 545,175 shares of the company’s stock valued at $11,716,000 after purchasing an additional 23,800 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of IBEX by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company’s stock valued at $10,969,000 after purchasing an additional 4,777 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock valued at $7,009,000 after acquiring an additional 76,302 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in IBEX by 18.8% in the fourth quarter. Franklin Resources Inc. now owns 296,114 shares of the company’s stock valued at $6,363,000 after acquiring an additional 46,849 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

IBEX has been the subject of several analyst reports. Robert W. Baird boosted their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their target price on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

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.