IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 10,000 Shares

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Mohammedulla Khaishgi sold 10,000 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $22.55, for a total transaction of $225,500.00. Following the sale, the director now owns 70,293 shares in the company, valued at approximately $1,585,107.15. The trade was a 12.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $18,135.00.
• On Monday, January 27th, Mohammedulla Khaishgi sold 4,626 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total transaction 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 transaction 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 transaction 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 transaction of $22,580.00.

IBEX Trading Up 4.2 %

Shares of IBEX traded up $1.04 during midday trading on Tuesday, reaching $25.95. The stock had a trading volume of 478,703 shares, compared to its average volume of 153,867. The firm has a 50 day simple moving average of $21.38 and a 200-day simple moving average of $19.44. IBEX Limited has a one year low of $13.00 and a one year high of $26.22. The firm has a market cap of $434.92 million, a PE ratio of 12.18 and a beta of 0.78.

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

Institutional Trading of IBEX

Several hedge funds and other institutional investors have recently modified their holdings of IBEX. FMR LLC boosted its holdings in shares of IBEX by 314.5% during 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 bought a new stake in shares of IBEX during the 4th quarter worth about $48,000. Quantbot Technologies LP boosted its holdings in shares of IBEX by 711.1% during 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. Public Employees Retirement System of Ohio bought a new stake in shares of IBEX during the 3rd quarter worth about $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of IBEX during the 4th quarter worth about $116,000. Institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IBEX shares. Robert W. Baird raised their target price on shares of IBEX from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday.

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.