IBEX Limited (NASDAQ:IBEX) Director Sells $225,500.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $22.55, for a total transaction of $225,500.00. Following the completion of the sale, the director now directly owns 70,293 shares in the company, valued at $1,585,107.15. This represents a 12.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, January 29th, Mohammedulla Khaishgi sold 806 shares of IBEX stock. The stock was 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 stock was 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 value of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total value 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 value of $22,580.00.

IBEX Trading Up 10.9 %

Shares of NASDAQ:IBEX traded up $2.40 during trading on Friday, reaching $24.49. 508,055 shares of the company traded hands, compared to its average volume of 132,774. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $25.03. The firm has a market capitalization of $410.45 million, a price-to-earnings ratio of 12.96 and a beta of 0.78. The business’s fifty day moving average is $21.21 and its 200-day moving average is $19.30.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBEX shares. Royal Bank of Canada lifted their price target on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday. Robert W. Baird upped their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Institutional Investors Weigh In On IBEX

A number of large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in IBEX during the 4th quarter valued at approximately $1,411,000. Walleye Capital LLC purchased a new stake in shares of IBEX in the 3rd quarter worth about $556,000. Quadrature Capital Ltd bought a new position in shares of IBEX in the 3rd quarter worth about $522,000. Denali Advisors LLC bought a new position in shares of IBEX in the 4th quarter worth about $558,000. Finally, Virtu Financial LLC bought a new stake in IBEX during the third quarter worth about $380,000. 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.