Shuja Keen Sells 6,086 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 6,086 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56. Following the transaction, the director now owns 140,024 shares in the company, valued at approximately $2,864,891.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, September 13th, Shuja Keen sold 15,000 shares of IBEX stock. The shares were sold at an average price of $19.95, for a total transaction of $299,250.00.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $19.73 on Thursday. The firm’s 50 day moving average price is $16.93 and its 200-day moving average price is $15.69. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $20.56. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $339.63 million, a PE ratio of 12.90 and a beta of 0.73.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in IBEX during the 2nd quarter worth approximately $38,000. Quadrature Capital Ltd bought a new stake in IBEX during the 1st quarter worth approximately $349,000. Bank of New York Mellon Corp raised its stake in IBEX by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after acquiring an additional 3,759 shares during the period. Allspring Global Investments Holdings LLC raised its stake in IBEX by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after acquiring an additional 1,874 shares during the period. Finally, Trexquant Investment LP raised its stake in IBEX by 96.8% during the 4th quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after acquiring an additional 17,521 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBEX. Robert W. Baird upped their target price on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada increased their price objective on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, IBEX presently has an average rating of “Moderate Buy” and an average price target 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.