Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 12,600 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.43, for a total transaction of $307,818.00. Following the transaction, the director now directly owns 178,112 shares in the company, valued at approximately $4,351,276.16. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $27.30, for a total transaction of $343,980.00.
• 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 Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The shares were sold at an average price of $22.55, for a total transaction 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 transaction 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 transaction 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 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 Price Performance

Shares of IBEX stock opened at $27.30 on Friday. The firm has a market cap of $457.55 million, a P/E ratio of 12.82 and a beta of 0.78. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $27.83. The firm’s 50-day simple moving average is $21.77 and its 200-day simple moving average is $19.60.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping 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 Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on IBEX. Royal Bank of Canada upped their target price 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 shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.