IBEX Limited (NASDAQ:IBEX) Director Sells $22,580.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,129 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $20.00, for a total value of $22,580.00. Following the completion of the transaction, the director now directly owns 222,558 shares in the company, valued at approximately $4,451,160. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, September 27th, Mohammedulla Khaishgi sold 1,883 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total transaction of $37,660.00.
• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00.

IBEX Trading Down 2.5 %

Shares of IBEX stock opened at $20.60 on Friday. The company has a market cap of $345.26 million, a PE ratio of 10.90 and a beta of 0.76. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.63. The business’s fifty day simple moving average is $19.30 and its 200-day simple moving average is $17.26.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The business had revenue of $124.53 million during the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several research firms have recently issued reports on IBEX. Robert W. Baird raised their target price on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, IBEX presently has an average rating of “Moderate Buy” and an average price target of $21.25.

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.