Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 814 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 814 shares of IBEX stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $18,315.00. Following the transaction, the director now owns 221,744 shares of the company’s stock, valued at $4,989,240. The trade was a 0.37 % decrease in their ownership of the stock. The transaction 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 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 Stock Up 1.3 %

Shares of IBEX opened at $22.08 on Friday. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $22.52. The company has a market capitalization of $370.06 million, a P/E ratio of 11.68 and a beta of 0.78. The firm has a 50 day moving average of $20.80 and a 200 day moving average of $18.88.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%. The business had revenue of $129.72 million during the quarter.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, IBEX currently has an average rating of “Moderate Buy” and an average target price of $21.25.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the last quarter. State Street Corp raised its stake in IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after buying an additional 2,105 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of IBEX by 12.1% during the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after buying an additional 15,507 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of IBEX by 20.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock worth $1,701,000 after buying an additional 14,411 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after acquiring an additional 3,450 shares during the period. Institutional investors own 81.24% of the company’s stock.

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.