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 IBEX stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.96, for a total value of $339,696.00. Following the transaction, the director now directly owns 115,112 shares in the company, valued at approximately $3,103,419.52. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $27.30, for a total value 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 value 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 value of $307,818.00.
• 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 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 shares were 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 shares were sold at an average price of $22.50, for a total value of $18,315.00.

IBEX Price Performance

NASDAQ:IBEX opened at $26.76 on Wednesday. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The stock’s 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $19.85. The company has a market cap of $448.46 million, a price-to-earnings ratio of 12.56 and a beta of 0.78.

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

Hedge Funds Weigh In On IBEX

Several large investors have recently modified their holdings of IBEX. Russell Investments Group Ltd. increased its position 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 valued at $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after purchasing an additional 1,401 shares during the last quarter. FMR LLC increased its position in shares of IBEX by 314.5% during the 3rd 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. Deutsche Bank AG purchased a new position in IBEX during the 4th quarter valued at $46,000. Finally, R Squared Ltd purchased a new position in IBEX during the 4th quarter valued at $48,000. Institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

IBEX has been the topic of a number of research reports. Robert W. Baird lifted their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th.

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.