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 IBEX stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $27.30, for a total transaction of $343,980.00. Following the completion of the sale, the director now directly owns 127,712 shares of the company's stock, valued at approximately $3,486,537.60. This trade represents a 8.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $25.74, for a total transaction of $324,324.00.
• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $24.43, for a total transaction of $307,818.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The shares were sold at an average price of $22.55, for a total transaction of $225,500.00.
• On Wednesday, January 29th, Mohammedulla Khaishgi sold 806 shares of IBEX stock. The shares were 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 Stock Down 0.3 %

IBEX stock traded down $0.08 during mid-day trading on Tuesday, hitting $27.22. The company had a trading volume of 127,443 shares, compared to its average volume of 176,574. The company has a market capitalization of $456.21 million, a price-to-earnings ratio of 12.78 and a beta of 0.78. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83. The company has a 50-day moving average price of $22.06 and a 200 day moving average price of $19.78.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate 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

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after buying an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings 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 last quarter. FMR LLC increased its holdings 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 last quarter. Deutsche Bank AG bought a new stake in shares of IBEX in the 4th quarter worth about $46,000. Finally, R Squared Ltd bought a new stake in shares of IBEX in the 4th quarter worth about $48,000. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Robert W. Baird boosted their price target on shares of IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

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.