IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 4,626 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,626 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $22.50, for a total transaction of $104,085.00. Following the completion of the transaction, the director now directly owns 216,718 shares of the company’s stock, valued at $4,876,155. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed 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 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 stock was sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Trading Down 0.6 %

Shares of NASDAQ:IBEX opened at $22.15 on Tuesday. The firm has a 50 day simple moving average of $20.91 and a 200-day simple moving average of $18.99. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $22.53. The company has a market capitalization of $371.23 million, a PE ratio of 11.72 and a beta of 0.78.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the period. R Squared Ltd acquired a new stake in IBEX during the 4th quarter worth $48,000. Public Employees Retirement System of Ohio purchased a new position in IBEX during the 3rd quarter worth $68,000. SG Americas Securities LLC acquired a new position in IBEX in the fourth quarter valued at $116,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after buying an additional 8,433 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have issued 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.

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.