IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 1,129 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,129 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $20.00, for a total value of $22,580.00. Following the completion of the transaction, the director now owns 222,558 shares in the company, valued at approximately $4,451,160. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, September 27th, Mohammedulla Khaishgi sold 1,883 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total transaction of $37,660.00.
• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total transaction of $97,600.00.

IBEX Price Performance

Shares of IBEX opened at $20.02 on Thursday. The company has a market capitalization of $335.54 million, a price-to-earnings ratio of 10.59 and a beta of 0.76. The business’s 50-day moving average is $19.19 and its 200-day moving average is $17.18. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $20.95.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $124.53 million during the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Hedge Funds Weigh In On IBEX

Hedge funds have recently bought and sold shares of the business. Kennedy Capital Management LLC raised its position in shares of IBEX by 341.7% in the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the period. American Century Companies Inc. lifted its holdings in shares of IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after acquiring an additional 55,216 shares during the period. Walleye Capital LLC bought a new position in shares of IBEX during the 3rd quarter worth approximately $556,000. Quadrature Capital Ltd bought a new position in IBEX during the 3rd quarter valued at about $522,000. Finally, Virtu Financial LLC acquired a new position in shares of IBEX in the 3rd quarter worth approximately $380,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird boosted 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. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.