IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 814 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 814 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $18,315.00. Following the completion of the sale, the director now directly owns 221,744 shares in the company, valued at approximately $4,989,240. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $22,580.00.

IBEX Price Performance

Shares of NASDAQ:IBEX traded down $0.41 during trading on Wednesday, hitting $21.80. 62,500 shares of the company were exchanged, compared to its average volume of 134,762. The firm’s 50 day moving average price is $20.77 and its 200-day moving average price is $18.86. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $22.52. The stock has a market capitalization of $365.48 million, a P/E ratio of 11.53 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data 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 company had revenue of $129.72 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of IBEX in the third quarter valued at approximately $556,000. Quadrature Capital Ltd acquired a new stake in IBEX during the 3rd quarter worth $522,000. Virtu Financial LLC acquired a new stake in IBEX during the 3rd quarter worth $380,000. Ritholtz Wealth Management purchased a new position in IBEX during the 3rd quarter worth $371,000. Finally, Jane Street Group LLC increased its stake in IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock valued at $599,000 after purchasing an additional 15,999 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price target on 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

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.