Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 12,600 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.43, for a total value of $307,818.00. Following the sale, the director now owns 178,112 shares of the company’s stock, valued at approximately $4,351,276.16. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value of $324,324.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $20.00, for a total value of $22,580.00.

IBEX Stock Up 2.0 %

IBEX opened at $26.48 on Thursday. The company has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $19.50. The stock has a market cap of $443.80 million, a P/E ratio of 12.43 and a beta of 0.78. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $26.53.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Wall Street Analysts Forecast Growth

IBEX has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. 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 report on Friday, February 7th.

Institutional Trading of IBEX

Hedge funds have recently bought and sold shares of the stock. Heron Bay Capital Management increased its position in shares of IBEX by 4.8% during the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company’s stock worth $379,000 after acquiring an additional 810 shares in the last quarter. FMR LLC increased its holdings in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of IBEX by 11.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares during the period. State Street Corp raised its stake in shares of IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after purchasing an additional 2,105 shares during the period. Finally, R Squared Ltd bought a new stake in shares of IBEX in the fourth quarter valued at about $48,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.