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 dated Monday, February 10th. The shares were sold at an average price of $24.43, for a total transaction of $307,818.00. Following the completion of the transaction, the director now directly owns 178,112 shares in the company, valued at $4,351,276.16. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 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 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 transaction 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 transaction of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The stock was 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 shares were sold at an average price of $20.00, for a total value of $22,580.00.

IBEX Price Performance

Shares of IBEX stock traded up $0.53 during trading on Wednesday, hitting $26.48. 504,125 shares of the stock traded hands, compared to its average volume of 166,376. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $26.53. The firm has a market capitalization of $443.80 million, a P/E ratio of 12.43 and a beta of 0.78. The firm’s fifty day moving average price is $21.49 and its 200-day moving average price is $19.50.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates 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

A number of institutional investors have recently made changes to their positions in IBEX. Ritholtz Wealth Management purchased a new position in IBEX during the 3rd quarter valued at about $371,000. Victory Capital Management Inc. lifted its position in shares of IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,450 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after purchasing an additional 8,433 shares during the period. FMR LLC grew its holdings in shares of 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 purchasing an additional 1,623 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in IBEX by 110.9% during the 3rd quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock worth $434,000 after buying an additional 11,421 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird lifted 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 boosted their price target on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th.

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.