IBEX Limited (NASDAQ:IBEX) Director Sells $339,696.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.96, for a total transaction of $339,696.00. Following the completion of the sale, the director now directly owns 115,112 shares of the company’s stock, valued at $3,103,419.52. The trade was a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was 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 shares were sold at an average price of $22.55, for a total transaction 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 transaction 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 value of $18,315.00.

IBEX Trading Down 0.1 %

Shares of IBEX opened at $26.75 on Thursday. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $27.83. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $352.83 million, a P/E ratio of 12.56 and a beta of 0.78. The firm’s 50-day moving average is $22.32 and its two-hundred day moving average is $19.90.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada raised their price target on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Robert W. Baird raised 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.

Institutional Trading of IBEX

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in shares of IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock worth $40,000 after purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after purchasing an additional 1,401 shares during the period. FMR LLC raised its holdings in shares of IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the period. Deutsche Bank AG purchased a new position in shares of IBEX in the 4th quarter worth about $46,000. Finally, R Squared Ltd purchased a new position in shares of IBEX in the 4th quarter worth about $48,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.