Mohammedulla Khaishgi Sells 12,600 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.74, for a total value of $324,324.00. Following the completion of the sale, the director now directly owns 152,912 shares in the company, valued at approximately $3,935,954.88. This trade represents a 7.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $24.43, for a total value of $307,818.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The stock was sold at an average price of $22.55, for a total value of $225,500.00.
• On Wednesday, January 29th, Mohammedulla Khaishgi sold 806 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total value of $18,135.00.
• 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 value 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 value 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 value 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 value of $22,580.00.

IBEX Stock Performance

Shares of IBEX stock opened at $27.24 on Friday. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.34. The stock has a market cap of $456.54 million, a PE ratio of 12.79 and a beta of 0.78. The business’s fifty day moving average is $21.62 and its 200-day moving average is $19.55.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Analyst Ratings Changes

Several analysts have weighed in on IBEX shares. Robert W. Baird lifted their target price on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their target price on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th.

Hedge Funds Weigh In On IBEX

A number of hedge funds have recently modified their holdings of IBEX. JPMorgan Chase & Co. grew its holdings in shares of IBEX by 1,369.6% in the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock worth $6,109,000 after acquiring an additional 264,947 shares during the last quarter. Impact Capital Partners LLC acquired a new position in shares of IBEX in the 4th quarter worth $4,829,000. Walleye Capital LLC grew its holdings in shares of IBEX by 267.2% in the 4th quarter. Walleye Capital LLC now owns 102,220 shares of the company’s stock worth $2,197,000 after acquiring an additional 74,380 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of IBEX in the 4th quarter worth $1,411,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of IBEX by 35.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 212,200 shares of the company’s stock worth $4,560,000 after acquiring an additional 55,900 shares during the last quarter. 81.24% of the stock is currently 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.