Mohammedulla Khaishgi Sells 1,883 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,883 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $20.00, for a total value of $37,660.00. Following the sale, the director now directly owns 99,636 shares of the company’s stock, valued at approximately $1,992,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total transaction of $97,600.00.

IBEX Stock Down 1.0 %

Shares of IBEX stock opened at $19.71 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $20.56. The company has a market cap of $339.29 million, a P/E ratio of 12.88 and a beta of 0.73. The company’s fifty day simple moving average is $17.38 and its two-hundred day simple moving average is $15.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kennedy Capital Management LLC boosted its position in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares in the last quarter. Circumference Group LLC bought a new stake in shares of IBEX during the 4th quarter valued at $7,842,000. American Century Companies Inc. grew its position in shares of IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after buying an additional 55,216 shares during the period. Trexquant Investment LP increased its stake in shares of IBEX by 96.8% in the 4th quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after acquiring an additional 17,521 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in IBEX during the 1st quarter valued at about $349,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IBEX shares. Royal Bank of Canada boosted their price objective on shares of 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 boosted their price target on IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.50.

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.