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 company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $22.55, for a total transaction of $225,500.00. Following the completion of the sale, the director now directly owns 70,293 shares of the company’s stock, valued at $1,585,107.15. This represents a 12.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, January 29th, Mohammedulla Khaishgi sold 806 shares of IBEX stock. The shares were 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 stock was 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 shares were 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 value 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 value of $22,580.00.

IBEX Trading Up 10.9 %

Shares of NASDAQ IBEX opened at $24.49 on Friday. The stock has a market capitalization of $410.57 million, a PE ratio of 12.96 and a beta of 0.78. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $25.03. The stock has a fifty day simple moving average of $21.21 and a 200-day simple moving average of $19.30.

IBEX (NASDAQ:IBEX) last released its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday. Robert W. Baird lifted their price target on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Institutional Investors Weigh In On IBEX

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of IBEX in the fourth quarter worth $1,411,000. Walleye Capital LLC purchased a new position in IBEX in the third quarter valued at $556,000. Quadrature Capital Ltd acquired a new position in IBEX during the 3rd quarter worth $522,000. Denali Advisors LLC purchased a new stake in IBEX during the 4th quarter worth about $558,000. Finally, Virtu Financial LLC purchased a new stake in IBEX during the 3rd quarter worth about $380,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.