IBEX Limited (NASDAQ:IBEX) Director Sells $333,900.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.50, for a total transaction of $333,900.00. Following the completion of the transaction, the director now owns 89,912 shares in the company, valued at approximately $2,382,668. This trade represents a 12.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, February 18th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $26.96, for a total transaction of $339,696.00.
• 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 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 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 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.

IBEX Stock Performance

Shares of IBEX stock opened at $25.83 on Friday. The company has a 50 day moving average of $22.43 and a 200-day moving average of $19.94. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $27.83. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $340.70 million, a PE ratio of 12.13 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Analyst Ratings Changes

IBEX has been the subject of a number of recent research reports. Royal Bank of Canada boosted 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 price target on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On IBEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heron Bay Capital Management lifted its stake in IBEX by 4.8% in the 4th quarter. Heron Bay Capital Management now owns 17,640 shares of the company’s stock valued at $379,000 after purchasing an additional 810 shares during the last quarter. Wells Fargo & Company MN lifted its stake in IBEX by 24.5% in the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock valued at $108,000 after purchasing an additional 990 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in IBEX by 267.4% in 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. Barclays PLC lifted its stake in IBEX by 6.8% in the 4th quarter. Barclays PLC now owns 22,046 shares of the company’s stock valued at $473,000 after purchasing an additional 1,410 shares during the last quarter. Finally, FMR LLC lifted its stake in IBEX by 314.5% in 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. Institutional investors own 81.24% of the company’s stock.

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.