IBEX Limited (NASDAQ:IBEX) Director Sells $245,818.05 in Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 11,199 shares of IBEX stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $21.95, for a total value of $245,818.05. Following the completion of the sale, the director now directly owns 47,727 shares in the company, valued at $1,047,607.65. This represents a 19.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shuja Keen also recently made the following trade(s):

• On Thursday, December 12th, Shuja Keen sold 17,000 shares of IBEX stock. The stock was sold at an average price of $20.27, for a total value of $344,590.00.

IBEX Stock Performance

NASDAQ:IBEX traded up $0.02 during mid-day trading on Monday, hitting $21.45. The stock had a trading volume of 233,050 shares, compared to its average volume of 77,492. The company’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $18.18. The stock has a market cap of $359.61 million, a price-to-earnings ratio of 11.35 and a beta of 0.80. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $21.96.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their target price 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. Royal Bank of Canada lifted their target price on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Trading of IBEX

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of IBEX during the 2nd quarter worth about $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of IBEX during the 3rd quarter worth about $68,000. Janus Henderson Group PLC grew its stake in 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 buying an additional 1,842 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in IBEX in the 3rd quarter valued at about $371,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.