Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $37,660.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 1,883 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $20.00, for a total value of $37,660.00. Following the completion of the transaction, the director now directly owns 99,636 shares in the company, valued at $1,992,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, September 19th, Mohammedulla Khaishgi sold 4,880 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $19.71 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $20.56. The firm has a fifty day moving average price of $17.38 and a 200-day moving average price of $15.91. The stock has a market cap of $339.29 million, a PE ratio of 12.88 and a beta of 0.73.

Institutional Investors Weigh In On IBEX

A number of institutional investors and hedge funds have recently bought and sold shares of IBEX. Kennedy Capital Management LLC boosted its stake in shares of IBEX by 341.7% in the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after acquiring an additional 218,679 shares during the period. Circumference Group LLC purchased a new stake in IBEX during the 4th quarter valued at approximately $7,842,000. American Century Companies Inc. raised its position in shares of IBEX by 4.3% during the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after buying an additional 55,216 shares during the last quarter. Trexquant Investment LP raised its position in shares of IBEX by 96.8% during the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock valued at $677,000 after buying an additional 17,521 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of IBEX in the first quarter worth $349,000. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBEX. Royal Bank of Canada upped their target price on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird upped their price objective on IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, IBEX has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.