IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 1,129 Shares

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

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 value of $37,660.00.
• 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 value of $97,600.00.

IBEX Stock Up 2.0 %

Shares of IBEX stock traded up $0.40 on Wednesday, hitting $20.27. The company's stock had a trading volume of 86,975 shares, compared to its average volume of 68,777. The company has a market capitalization of $339.83 million, a P/E ratio of 10.51 and a beta of 0.76. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.95. The firm has a fifty day moving average price of $19.12 and a 200-day moving average price of $17.16.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $124.53 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

A number of brokerages have recently issued reports on IBEX. Royal Bank of Canada increased their price target on shares of IBEX from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, September 13th. Robert W. Baird increased their target price on shares of IBEX from $23.00 to $26.00 and gave the company an "outperform" rating in a 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.com, IBEX currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.25.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company's stock worth $412,000 after acquiring an additional 10,062 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in IBEX in the 3rd quarter valued at about $68,000. Jane Street Group LLC lifted its holdings in IBEX by 114.6% in the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company's stock valued at $599,000 after purchasing an additional 15,999 shares in the last quarter. State Street Corp boosted its stake in shares of IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company's stock worth $3,617,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of IBEX during the third quarter worth about $522,000. Hedge funds and other institutional investors 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.