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

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.74, for a total value of $324,324.00. Following the transaction, the director now directly owns 152,912 shares in the company, valued at $3,935,954.88. This trade represents a 7.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was 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 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 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 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 traded up $0.53 during midday trading on Wednesday, hitting $26.48. 504,125 shares of the stock were exchanged, compared to its average volume of 166,376. The business’s 50-day moving average price is $21.49 and its 200 day moving average price is $19.50. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $26.53. The stock has a market capitalization of $443.80 million, a price-to-earnings ratio of 12.43 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (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%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Heron Bay Capital Management increased its stake in shares of IBEX by 4.8% in the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company’s stock valued at $379,000 after buying an additional 810 shares during the period. FMR LLC boosted its holdings 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. Janus Henderson Group PLC increased its position in IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares during the period. State Street Corp raised its holdings in IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after purchasing an additional 2,105 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of IBEX in the 4th quarter worth approximately $48,000. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBEX has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Robert W. Baird lifted their price target on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a 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.