Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $18,315.00 in 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 transaction, the director now directly owns 221,744 shares of the company’s stock, valued at $4,989,240. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 Performance

Shares of IBEX stock opened at $22.29 on Friday. The company has a 50-day simple moving average of $20.85 and a two-hundred day simple moving average of $18.90. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $22.52. The stock has a market capitalization of $373.58 million, a PE ratio of 11.79 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. The business had revenue of $129.72 million for the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Investors Weigh In On IBEX

Several large investors have recently bought and sold shares of the business. FMR LLC lifted its position in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after purchasing an additional 1,623 shares during the period. R Squared Ltd purchased a new stake in IBEX during the fourth quarter valued at $48,000. Public Employees Retirement System of Ohio bought a new position in IBEX in the third quarter valued at about $68,000. SG Americas Securities LLC purchased a new position in IBEX in the fourth quarter worth about $116,000. Finally, Meeder Asset Management Inc. grew its stake in shares of IBEX by 359.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after purchasing an additional 8,433 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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