IBEX Limited (NASDAQ:IBEX) Director Shuja Keen Sells 6,086 Shares

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 6,086 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56. Following the transaction, the director now directly owns 140,024 shares in the company, valued at approximately $2,864,891.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, September 13th, Shuja Keen sold 15,000 shares of IBEX stock. The shares were sold at an average price of $19.95, for a total transaction of $299,250.00.

IBEX Trading Down 4.2 %

Shares of IBEX stock opened at $19.11 on Wednesday. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $20.56. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $16.86 and its two-hundred day moving average is $15.66. The company has a market cap of $328.96 million, a PE ratio of 12.49 and a beta of 0.73.

Analysts Set New Price Targets

IBEX has been the topic of several recent research reports. Robert W. Baird raised their price objective on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada increased their price target on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBEX. Meeder Asset Management Inc. acquired a new position in IBEX during the second quarter valued at approximately $38,000. Quadrature Capital Ltd acquired a new stake in shares of IBEX in the first quarter worth $349,000. Bank of New York Mellon Corp grew its stake in shares of IBEX by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after acquiring an additional 3,759 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of IBEX by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of IBEX by 9.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock worth $577,000 after acquiring an additional 3,191 shares during the last quarter. 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.