IBEX Limited (NASDAQ:IBEX) Director Shuja Keen Sells 17,000 Shares

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 17,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.27, for a total transaction of $344,590.00. Following the sale, the director now owns 71,110 shares of the company’s stock, valued at $1,441,399.70. This trade represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shuja Keen also recently made the following trade(s):

• On Monday, September 16th, Shuja Keen sold 6,086 shares of IBEX stock. The stock was sold at an average price of $20.46, for a total value of $124,519.56.

IBEX Price Performance

Shares of IBEX stock opened at $20.07 on Monday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $21.63. The firm has a market capitalization of $336.47 million, a PE ratio of 10.62 and a beta of 0.80. The company’s fifty day moving average price is $19.48 and its two-hundred day moving average price is $17.85.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The business had revenue of $124.53 million for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Institutional Investors Weigh In On IBEX

Several large investors have recently modified their holdings of IBEX. Quadrature Capital Ltd bought a new position in shares of IBEX during the 3rd quarter worth approximately $522,000. Victory Capital Management Inc. lifted its holdings in shares of IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after acquiring an additional 3,450 shares during the period. American Century Companies Inc. boosted its stake in shares of IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after purchasing an additional 55,216 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of IBEX in the 3rd quarter worth about $556,000. Finally, Allspring Global Investments Holdings LLC increased its position 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 purchasing an additional 1,874 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBEX has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.