IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 4,880 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,880 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00. Following the completion of the transaction, the director now owns 296,711 shares of the company’s stock, valued at approximately $5,934,220. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

IBEX Trading Down 0.2 %

Shares of NASDAQ:IBEX opened at $19.96 on Friday. The company has a 50 day moving average of $17.07 and a 200-day moving average of $15.74. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The firm has a market cap of $343.59 million, a P/E ratio of 13.05 and a beta of 0.73. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $20.56.

Institutional Investors Weigh In On IBEX

A number of institutional investors have recently added to or reduced their stakes in IBEX. Kennedy Capital Management LLC increased its position in shares of IBEX by 341.7% during the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the period. Circumference Group LLC acquired a new stake in shares of IBEX in the fourth quarter valued at $7,842,000. Victory Capital Management Inc. boosted its stake in IBEX by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock valued at $732,000 after buying an additional 3,750 shares in the last quarter. Trexquant Investment LP grew its holdings in IBEX by 96.8% during the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after acquiring an additional 17,521 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in IBEX in the first quarter worth about $349,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IBEX. Robert W. Baird boosted their price objective on IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada boosted their price target on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.