IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 1,883 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,883 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $20.00, for a total value of $37,660.00. Following the transaction, the director now owns 99,636 shares of the company’s stock, valued at approximately $1,992,720. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total value of $97,600.00.

IBEX Stock Down 1.0 %

Shares of IBEX opened at $19.71 on Monday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $17.38 and a 200 day moving average of $15.91. The company has a market cap of $339.29 million, a PE ratio of 12.88 and a beta of 0.73. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBEX shares. Robert W. Baird upped their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their target price on shares of IBEX from $18.00 to $20.00 and gave the company 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 stock. According to data from MarketBeat, IBEX has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Investors Weigh In On IBEX

Several hedge funds and other institutional investors have recently made changes to their positions in IBEX. Meeder Asset Management Inc. purchased a new position in shares of IBEX during the 2nd quarter worth about $38,000. Quadrature Capital Ltd bought a new position in shares of IBEX during the first quarter valued at approximately $349,000. Bank of New York Mellon Corp raised its holdings in shares of IBEX by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after buying an additional 3,759 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of IBEX by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in IBEX by 9.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after acquiring an additional 3,191 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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.