Mohammedulla Khaishgi Sells 1,129 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,129 shares of IBEX stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $20.00, for a total transaction of $22,580.00. Following the sale, the director now directly owns 222,558 shares of the company’s stock, valued at $4,451,160. This represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, September 27th, Mohammedulla Khaishgi sold 1,883 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total value of $37,660.00.
• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00.

IBEX Stock Performance

NASDAQ IBEX opened at $20.02 on Thursday. The firm has a 50-day moving average of $19.19 and a 200-day moving average of $17.18. The stock has a market cap of $335.54 million, a PE ratio of 10.59 and a beta of 0.76. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.95.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, September 12th. The company reported $0.54 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 $124.53 million for the quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IBEX shares. Royal Bank of Canada increased their target price on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Robert W. Baird boosted their price target on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, IBEX currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of IBEX during the third quarter worth $380,000. Barclays PLC lifted its stake in shares of IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company’s stock valued at $412,000 after purchasing an additional 10,062 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of IBEX during the 3rd quarter worth approximately $68,000. Jane Street Group LLC grew its holdings in IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after purchasing an additional 15,999 shares during the period. Finally, State Street Corp grew 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 buying an additional 2,105 shares during the period. Institutional investors 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.