Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 12,600 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.30, for a total transaction of $343,980.00. Following the completion of the transaction, the director now directly owns 127,712 shares of the company’s stock, valued at approximately $3,486,537.60. This represents a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was 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 stock was 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 stock was 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 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 stock was 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 stock was sold at an average price of $22.50, for a total transaction of $18,315.00.
• On Tuesday, November 19th, Mohammedulla Khaishgi sold 1,129 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $27.30 on Friday. The stock has a market cap of $457.55 million, a P/E ratio of 12.82 and a beta of 0.78. The firm has a 50 day moving average price of $21.92 and a 200 day moving average price of $19.68. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IBEX shares. Royal Bank of Canada boosted 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, February 7th. Robert W. Baird boosted their price target on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of IBEX by 8,785.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after buying an additional 1,845 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the period. FMR LLC boosted 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 valued at $43,000 after buying an additional 1,623 shares during the period. R Squared Ltd acquired a new position in shares of IBEX in the fourth quarter valued at approximately $48,000. Finally, Quantbot Technologies LP boosted its holdings in shares of IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after buying an additional 2,311 shares during the period. Institutional investors and hedge funds 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.