Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $104,085.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,626 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $104,085.00. Following the transaction, the director now owns 216,718 shares of the company’s stock, valued at approximately $4,876,155. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Trading Up 0.3 %

Shares of NASDAQ:IBEX opened at $22.32 on Thursday. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $22.53. The firm has a market cap of $374.08 million, a P/E ratio of 11.81 and a beta of 0.78. The company has a 50 day moving average of $21.01 and a 200-day moving average of $19.07.

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

Hedge Funds Weigh In On IBEX

Large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after purchasing an additional 1,623 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after acquiring an additional 1,842 shares during the last quarter. State Street Corp boosted its stake in shares of IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after acquiring an additional 2,105 shares in the last quarter. R Squared Ltd acquired a new position in shares of IBEX in the 4th quarter worth $48,000. Finally, Dimensional Fund Advisors LP raised its position in shares of IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after purchasing an additional 3,052 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price objective 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.