Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $245,818.05 in Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 11,199 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $21.95, for a total value of $245,818.05. Following the completion of the sale, the director now owns 47,727 shares of the company’s stock, valued at $1,047,607.65. This trade represents a 19.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shuja Keen also recently made the following trade(s):

• On Thursday, December 12th, Shuja Keen sold 17,000 shares of IBEX stock. The shares were sold at an average price of $20.27, for a total value of $344,590.00.

IBEX Trading Up 0.2 %

Shares of IBEX opened at $21.49 on Thursday. The business’s 50 day moving average is $19.86 and its 200 day moving average is $18.25. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.96. The company has a market capitalization of $360.17 million, a PE ratio of 11.37 and a beta of 0.80.

Institutional Investors Weigh In On IBEX

Several institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in IBEX in the 2nd quarter valued at $38,000. FMR LLC increased 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 worth $43,000 after purchasing an additional 1,623 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX in the third quarter worth about $68,000. Janus Henderson Group PLC boosted its stake in IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after buying an additional 1,842 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in IBEX during the 3rd quarter valued at approximately $371,000. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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