Mohammedulla Khaishgi Sells 12,600 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.43, for a total transaction of $307,818.00. Following the sale, the director now directly owns 178,112 shares in the company, valued at approximately $4,351,276.16. This represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 12th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $25.74, for a total transaction of $324,324.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The stock was sold at an average price of $22.55, for a total transaction of $225,500.00.
• 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 transaction 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 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 transaction of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The shares were 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 Stock Up 2.9 %

IBEX stock opened at $27.24 on Friday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.34. The firm has a market capitalization of $456.54 million, a price-to-earnings ratio of 12.79 and a beta of 0.78. The company has a fifty day simple moving average of $21.62 and a 200-day simple moving average of $19.55.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Wall Street Analyst Weigh In

IBEX has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Robert W. Baird upped their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On IBEX

A number of hedge funds have recently modified their holdings of the company. Heron Bay Capital Management boosted its stake in IBEX by 4.8% during the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company’s stock worth $379,000 after buying an additional 810 shares during the period. Wells Fargo & Company MN boosted its stake in IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock worth $108,000 after buying an additional 990 shares during the period. Barclays PLC boosted its stake in IBEX by 6.8% during the fourth quarter. Barclays PLC now owns 22,046 shares of the company’s stock worth $473,000 after buying an additional 1,410 shares during the period. FMR LLC boosted its stake 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 buying an additional 1,623 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after buying an additional 1,842 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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.