Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $97,600.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,880 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.00, for a total transaction of $97,600.00. Following the completion of the sale, the director now directly owns 296,711 shares in the company, valued at $5,934,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

IBEX Stock Performance

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

Analyst Ratings Changes

A number of equities analysts recently commented on IBEX shares. Robert W. Baird raised their target price 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 boosted their target price on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IBEX. Meeder Asset Management Inc. purchased a new stake in shares of IBEX during the 2nd quarter worth $38,000. Quadrature Capital Ltd acquired a new position in IBEX in the 1st quarter worth $349,000. Bank of New York Mellon Corp boosted its holdings in IBEX by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after purchasing an additional 3,759 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of IBEX by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after buying an additional 1,874 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of IBEX by 9.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock worth $577,000 after buying an additional 3,191 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.