Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 814 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 814 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $18,315.00. Following the sale, the director now owns 221,744 shares in the company, valued at approximately $4,989,240. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 Performance

IBEX opened at $22.29 on Friday. The stock has a market capitalization of $373.58 million, a price-to-earnings ratio of 11.79 and a beta of 0.78. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $22.52. The company has a fifty day moving average of $20.85 and a 200 day moving average of $18.90.

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

Institutional Trading of IBEX

Several hedge funds have recently modified their holdings of IBEX. FMR LLC increased its position in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. R Squared Ltd bought a new stake in shares of IBEX in the 4th quarter worth about $48,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the 3rd quarter valued at about $68,000. SG Americas Securities LLC bought a new position in shares of IBEX in the 4th quarter valued at about $116,000. Finally, Meeder Asset Management Inc. grew its position 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 acquiring an additional 8,433 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price target on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.