Mohammedulla Khaishgi Sells 10,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $22.55, for a total transaction of $225,500.00. Following the transaction, the director now directly owns 70,293 shares in the company, valued at approximately $1,585,107.15. This trade represents a 12.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value 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 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 value 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.
• 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

NASDAQ IBEX traded up $2.40 on Friday, hitting $24.49. The stock had a trading volume of 508,055 shares, compared to its average volume of 132,774. The business’s fifty day moving average price is $21.21 and its 200 day moving average price is $19.30. The stock has a market cap of $410.45 million, a price-to-earnings ratio of 12.96 and a beta of 0.78. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $25.03.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price target on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday. Two equities 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, IBEX presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in IBEX by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock valued at $1,321,000 after acquiring an additional 2,800 shares during the period. Denali Advisors LLC purchased a new position in shares of IBEX during the fourth quarter worth $558,000. New York State Common Retirement Fund lifted its position in IBEX by 146.5% during the fourth quarter. New York State Common Retirement Fund now owns 11,777 shares of the company’s stock valued at $253,000 after purchasing an additional 7,000 shares during the period. Sanctuary Advisors LLC purchased a new stake in IBEX in the fourth quarter valued at $1,411,000. Finally, Allspring Global Investments Holdings LLC grew its position in IBEX by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company’s stock worth $738,000 after purchasing an additional 3,588 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.