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 firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total transaction of $333,900.00. Following the transaction, the director now owns 89,912 shares of the company’s stock, valued at approximately $2,382,668. The trade was a 12.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 18th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $26.96, for a total transaction of $339,696.00.
• On Friday, February 14th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The shares were sold at an average price of $27.30, for a total transaction of $343,980.00.
• 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 value of $324,324.00.
• On Monday, February 10th, Mohammedulla Khaishgi sold 12,600 shares of IBEX stock. The stock was sold at an average price of $24.43, for a total value of $307,818.00.
• On Friday, February 7th, Mohammedulla Khaishgi sold 10,000 shares of IBEX stock. The shares were sold at an average price of $22.55, for a total value of $225,500.00.
• 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 transaction 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 transaction of $18,315.00.

IBEX Trading Down 0.5 %

IBEX opened at $25.69 on Friday. The firm has a market capitalization of $338.85 million, a PE ratio of 12.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83. The company’s 50-day moving average is $22.54 and its 200 day moving average is $20.04.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Analyst Ratings Changes

Several brokerages have issued reports on IBEX. Royal Bank of Canada increased their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Robert W. Baird increased their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On IBEX

A number of hedge funds have recently bought and sold shares of IBEX. Russell Investments Group Ltd. lifted its position in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the last quarter. FMR LLC lifted its position in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after buying an additional 1,623 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of IBEX in the 4th quarter worth approximately $46,000. Finally, R Squared Ltd bought a new position in shares of IBEX in the fourth quarter valued at approximately $48,000. 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.