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

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $27.30, for a total transaction of $343,980.00. Following the transaction, the director now directly owns 127,712 shares of the company’s stock, valued at approximately $3,486,537.60. This trade represents a 8.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $25.74, for a total transaction of $324,324.00.
• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $24.43, for a total transaction 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 shares were 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 stock was 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 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 shares were sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Trading Up 0.2 %

Shares of IBEX stock opened at $27.30 on Friday. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $27.83. The company’s 50-day moving average price is $21.77 and its two-hundred day moving average price is $19.60. The stock has a market cap of $457.55 million, a PE ratio of 12.82 and a beta of 0.78.

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

Institutional Investors Weigh In On IBEX

Several large investors have recently modified their holdings of IBEX. Russell Investments Group Ltd. lifted its holdings in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after buying an additional 1,401 shares during the period. 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 buying an additional 1,623 shares in the last quarter. R Squared Ltd acquired a new position in shares of IBEX in the fourth quarter worth about $48,000. Finally, Quantbot Technologies LP increased its position in shares of IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock worth $57,000 after acquiring an additional 2,311 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBEX has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Robert W. Baird upped their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

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.