Shuja Keen Sells 11,199 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Shuja Keen sold 11,199 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $21.95, for a total transaction of $245,818.05. Following the sale, the director now directly owns 47,727 shares of the company's stock, valued at approximately $1,047,607.65. This trade represents a 19.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shuja Keen also recently made the following trade(s):

• On Thursday, December 12th, Shuja Keen sold 17,000 shares of IBEX stock. The shares were sold at an average price of $20.27, for a total value of $344,590.00.

IBEX Trading Up 0.1 %

IBEX stock traded up $0.02 during midday trading on Monday, hitting $21.45. 235,902 shares of the company's stock were exchanged, compared to its average volume of 149,633. The firm has a 50 day moving average price of $19.74 and a 200-day moving average price of $18.18. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.96. The stock has a market capitalization of $359.50 million, a price-to-earnings ratio of 11.35 and a beta of 0.80.

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in IBEX. JPMorgan Chase & Co. boosted its stake in IBEX by 386.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after acquiring an additional 15,372 shares during the last quarter. Virtu Financial LLC bought a new position in shares of IBEX during the third quarter worth about $380,000. Barclays PLC grew its stake in IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company's stock worth $412,000 after purchasing an additional 10,062 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in IBEX in the third quarter valued at about $68,000. Finally, Jane Street Group LLC raised its stake in IBEX by 114.6% during the third quarter. Jane Street Group LLC now owns 29,960 shares of the company's stock valued at $599,000 after buying an additional 15,999 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBEX. Robert W. Baird upped their price target on 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 upped their target price on shares of IBEX from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, IBEX presently has a consensus rating of "Moderate Buy" and an average target price 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.