IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 4,880 Shares of Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,880 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $97,600.00. Following the transaction, the director now owns 296,711 shares of the company’s stock, valued at approximately $5,934,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IBEX Stock Down 0.2 %

Shares of IBEX stock opened at $19.96 on Friday. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $20.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42. The business’s fifty day moving average is $17.07 and its 200-day moving average is $15.74. The stock has a market cap of $343.59 million, a PE ratio of 13.05 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after acquiring an additional 55,216 shares during the last quarter. Circumference Group LLC acquired a new stake in IBEX during the fourth quarter valued at approximately $7,842,000. Kennedy Capital Management LLC boosted its holdings in IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after buying an additional 218,679 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after buying an additional 3,052 shares in the last quarter. Finally, Sei Investments Co. grew its position in IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after buying an additional 15,507 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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