IBEX Limited (NASDAQ:IBEX) Director Sells $104,085.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,626 shares of IBEX stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the transaction, the director now owns 216,718 shares in the company, valued at approximately $4,876,155. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 stock was 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 Price Performance

IBEX opened at $22.32 on Thursday. The company has a market capitalization of $374.08 million, a PE ratio of 11.81 and a beta of 0.78. The business has a 50-day moving average of $21.01 and a 200-day moving average of $19.07. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $22.53.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The firm had revenue of $129.72 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Hedge Funds Weigh In On IBEX

Several hedge funds have recently bought and sold shares of IBEX. Jane Street Group LLC lifted its position in shares of IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after buying an additional 15,999 shares during the last quarter. Barclays PLC lifted its holdings in IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after purchasing an additional 10,062 shares during the last quarter. Quadrature Capital Ltd bought a new stake in IBEX during the third quarter worth approximately $522,000. Ritholtz Wealth Management grew its holdings in IBEX by 76.9% during the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after purchasing an additional 14,279 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of IBEX by 11.9% in the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after buying an additional 1,842 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

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.