Mohammedulla Khaishgi Sells 4,626 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,626 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the transaction, the director now directly owns 216,718 shares of the company’s stock, valued at approximately $4,876,155. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 $22.26 on Wednesday. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $22.52. The firm’s 50 day moving average price is $20.96 and its 200 day moving average price is $19.03. The firm has a market cap of $373.08 million, a P/E ratio of 11.78 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter. The company had revenue of $129.72 million for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Analysts Set New Price Targets

Separately, 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 research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Hedge Funds Weigh In On IBEX

A number of hedge funds have recently made changes to their positions in IBEX. Dimensional Fund Advisors LP boosted its holdings in shares of IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of IBEX by 12.1% during the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after acquiring an additional 15,507 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of IBEX during the 3rd quarter valued at $371,000. Victory Capital Management Inc. lifted its holdings in shares of IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after acquiring an additional 3,450 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of IBEX by 359.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after acquiring an additional 8,433 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.