Mohammedulla Khaishgi Sells 4,880 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,880 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00. Following the sale, the director now directly owns 296,711 shares of the company’s stock, valued at approximately $5,934,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Stock Performance

Shares of IBEX opened at $19.96 on Friday. The stock has a market capitalization of $343.59 million, a PE ratio of 13.05 and a beta of 0.73. The business’s fifty day moving average price is $17.07 and its 200 day moving average price is $15.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.42 and a quick ratio of 2.42. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $20.56.

Wall Street Analyst Weigh In

IBEX has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective 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. Robert W. Baird increased their price target on shares of IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, IBEX has an average rating of “Moderate Buy” and an average price target of $20.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBEX. Kennedy Capital Management LLC grew its position in shares of IBEX by 341.7% during the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after buying an additional 218,679 shares during the last quarter. Circumference Group LLC bought a new position in shares of IBEX during the fourth quarter valued at approximately $7,842,000. Victory Capital Management Inc. raised its position in shares of IBEX by 10.8% during the 4th quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock worth $732,000 after purchasing an additional 3,750 shares during the period. Trexquant Investment LP lifted its holdings in shares of IBEX by 96.8% in the 4th quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after purchasing an additional 17,521 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in IBEX during the 1st quarter valued at approximately $349,000. 81.24% of the stock is currently owned by institutional investors.

About IBEX

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.