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

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.74, for a total value of $324,324.00. Following the transaction, the director now directly owns 152,912 shares of the company's stock, valued at approximately $3,935,954.88. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $27.30, for a total value of $343,980.00.
• 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 value 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 value 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 value 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 value of $104,085.00.
• On Friday, January 24th, Mohammedulla Khaishgi sold 400 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total value of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total value of $18,315.00.
• On Tuesday, November 19th, Mohammedulla Khaishgi sold 1,129 shares of IBEX stock. The shares were sold at an average price of $20.00, for a total value of $22,580.00.

IBEX Stock Up 0.2 %

Shares of IBEX stock traded up $0.06 during mid-day trading on Friday, hitting $27.30. 331,983 shares of the company's stock were exchanged, compared to its average volume of 106,860. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83. The stock has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $19.70. The stock has a market cap of $360.14 million, a price-to-earnings ratio of 12.82 and a beta of 0.78.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBEX. Robert W. Baird increased their target price on IBEX from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada increased their target price on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 7th.

Institutional Investors Weigh In On IBEX

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after buying an additional 1,401 shares during the period. FMR LLC raised its position in shares of IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after buying an additional 1,623 shares during the period. R Squared Ltd purchased a new position in shares of IBEX in the 4th quarter worth $48,000. Finally, Quantbot Technologies LP raised its position in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $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.