Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $18,135.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 806 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $22.50, for a total transaction of $18,135.00. Following the completion of the transaction, the director now directly owns 215,912 shares of the company’s stock, valued at approximately $4,858,020. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value 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 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 value of $22,580.00.

IBEX Price Performance

Shares of IBEX opened at $22.01 on Monday. IBEX Limited has a one year low of $13.00 and a one year high of $22.67. The business has a fifty day moving average of $21.10 and a 200 day moving average of $19.17. The firm has a market capitalization of $368.89 million, a P/E ratio of 11.65 and a beta of 0.78.

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

Institutional Trading of IBEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its position in shares of IBEX by 146.5% during the 4th quarter. New York State Common Retirement Fund now owns 11,777 shares of the company’s stock valued at $253,000 after acquiring an additional 7,000 shares during the period. Sanctuary Advisors LLC purchased a new position in IBEX during the fourth quarter valued at $1,411,000. Allspring Global Investments Holdings LLC grew its holdings in IBEX by 11.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company’s stock valued at $738,000 after purchasing an additional 3,588 shares during the period. R Squared Ltd purchased a new stake in IBEX in the fourth quarter worth about $48,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of IBEX in the fourth quarter worth about $307,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.