IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 5,000 Shares

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Mohammedulla Khaishgi sold 5,000 shares of IBEX stock in a transaction on Monday, June 16th. The stock was sold at an average price of $28.01, for a total value of $140,050.00. Following the transaction, the director now directly owns 2,312 shares of the company's stock, valued at $64,759.12. This trade represents a 68.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 12th, Mohammedulla Khaishgi sold 35,000 shares of IBEX stock. The shares were sold at an average price of $29.66, for a total transaction of $1,038,100.00.

IBEX Trading Up 1.6%

NASDAQ:IBEX traded up $0.44 during trading hours on Monday, reaching $28.33. 165,662 shares of the company were exchanged, compared to its average volume of 137,502. IBEX Limited has a 52-week low of $15.15 and a 52-week high of $32.08. The stock has a 50 day simple moving average of $26.58 and a 200 day simple moving average of $24.29. The firm has a market cap of $378.83 million, a price-to-earnings ratio of 13.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBEX shares. Baird R W cut shares of IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird downgraded shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Monday, May 12th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in IBEX during the first quarter valued at about $41,000. Russell Investments Group Ltd. lifted its stake in shares of IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after purchasing an additional 1,401 shares during the period. Deutsche Bank AG acquired a new stake in IBEX during the 4th quarter worth approximately $46,000. Finally, Quantbot Technologies LP raised its holdings in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after buying an additional 2,311 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.

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