Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 806 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 806 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $22.50, for a total transaction of $18,135.00. Following the completion of the sale, the director now owns 215,912 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website.

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

IBEX Stock Down 0.4 %

Shares of IBEX traded down $0.08 during mid-day trading on Friday, hitting $22.01. The company had a trading volume of 99,164 shares, compared to its average volume of 124,758. The business’s 50-day simple moving average is $21.07 and its 200-day simple moving average is $19.12. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $22.67. The stock has a market cap of $368.89 million, a PE ratio of 11.65 and a beta of 0.78.

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

Analysts Set New Price Targets

Separately, Robert W. Baird lifted their price target on shares of 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 given a buy rating to the company. According to data from MarketBeat, IBEX currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 3,052 shares in the last quarter. State Street Corp lifted its position in IBEX by 1.2% during the third 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 in the last quarter. Sei Investments Co. lifted its position in IBEX by 12.1% during the second 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in IBEX by 20.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after buying an additional 14,411 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in IBEX during the fourth quarter valued at approximately $1,411,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.