IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 12,600 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.50, for a total transaction of $333,900.00. Following the completion of the sale, the director now directly owns 89,912 shares in the company, valued at approximately $2,382,668. The trade was a 12.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $26.96, for a total transaction of $339,696.00.
• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $27.30, for a total transaction of $343,980.00.
• On Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $22.50, for a total transaction of $18,315.00.

IBEX Price Performance

IBEX opened at $25.69 on Friday. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $20.01. The stock has a market capitalization of $338.90 million, a P/E ratio of 12.06 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Hedge Funds Weigh In On IBEX

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in IBEX by 8,785.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after buying an additional 1,845 shares during the period. Tower Research Capital LLC TRC lifted its holdings in IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the period. FMR LLC lifted its holdings in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares during the period. Deutsche Bank AG acquired a new position in IBEX in the fourth quarter valued at approximately $46,000. Finally, R Squared Ltd acquired a new position in IBEX in the fourth quarter valued at approximately $48,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on IBEX shares. Royal Bank of Canada increased their price target 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 increased their price target 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.

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.