IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 10,000 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $22.55, for a total value of $225,500.00. Following the sale, the director now directly owns 70,293 shares in the company, valued at approximately $1,585,107.15. This represents a 12.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction of $22,580.00.

IBEX Trading Up 10.9 %

Shares of IBEX stock opened at $24.49 on Monday. The firm’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $19.37. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $25.03. The firm has a market capitalization of $410.45 million, a P/E ratio of 11.50 and a beta of 0.78.

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

Institutional Investors Weigh In On IBEX

Large investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the last quarter. R Squared Ltd acquired a new stake in IBEX in the 4th quarter valued at about $48,000. Public Employees Retirement System of Ohio bought a new position in IBEX during the third quarter worth about $68,000. SG Americas Securities LLC acquired a new position in IBEX during the fourth quarter worth approximately $116,000. Finally, Meeder Asset Management Inc. increased its position in IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after buying an additional 8,433 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their target price on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday.

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.