IBEX Limited (NASDAQ:IBEX) Director Sells $18,135.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 806 shares of IBEX stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $22.50, for a total value of $18,135.00. Following the sale, the director now directly owns 215,912 shares in the company, valued at $4,858,020. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 stock was sold at an average price of $22.50, for a total transaction 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 shares were sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Stock Down 0.4 %

IBEX stock opened at $22.01 on Monday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $22.67. The company has a market cap of $368.89 million, a price-to-earnings ratio of 11.65 and a beta of 0.78. The firm’s fifty day moving average is $21.10 and its 200 day moving average is $19.17.

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

Hedge Funds Weigh In On IBEX

Several large investors have recently modified their holdings of IBEX. Dimensional Fund Advisors LP lifted its position in IBEX by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after buying an additional 3,052 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of IBEX by 12.1% in the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after acquiring an additional 15,507 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of IBEX during the 3rd quarter worth about $371,000. Victory Capital Management Inc. grew its holdings in IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after purchasing an additional 8,433 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, IBEX presently 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.