Shuja Keen Sells 15,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 15,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $19.95, for a total value of $299,250.00. Following the completion of the sale, the director now owns 146,110 shares in the company, valued at $2,914,894.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, September 16th, Shuja Keen sold 6,086 shares of IBEX stock. The shares were sold at an average price of $20.46, for a total value of $124,519.56.

IBEX Price Performance

Shares of IBEX stock opened at $19.73 on Thursday. 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 company has a market cap of $339.63 million, a PE ratio of 12.90 and a beta of 0.73. The business has a 50 day moving average of $16.93 and a 200 day moving average of $15.69. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56.

Hedge Funds Weigh In On IBEX

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of 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 acquiring an additional 15,507 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after buying an additional 3,052 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of IBEX during the second quarter valued at $38,000. American Century Companies Inc. boosted 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. Finally, Victory Capital Management Inc. boosted its position in shares of IBEX by 5.9% during the second quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock valued at $893,000 after buying an additional 3,084 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

IBEX has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada boosted their price objective on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, IBEX presently has an average rating of “Moderate Buy” and an average price target of $20.50.

About IBEX

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.