Mohammedulla Khaishgi Sells 35,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Mohammedulla Khaishgi sold 35,000 shares of IBEX stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the completion of the transaction, the director now directly owns 42,312 shares in the company, valued at $1,254,973.92. The trade was a 45.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Price Performance

IBEX stock traded up $0.44 during midday trading 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 1 year low of $15.15 and a 1 year high of $32.08. The company has a market capitalization of $378.83 million, a price-to-earnings ratio of 13.30 and a beta of 0.78. The firm's 50-day simple moving average is $26.58 and its 200-day simple moving average is $24.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings 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 during the last quarter. Tower Research Capital LLC TRC boosted its position in IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after buying an additional 1,401 shares during the last quarter. US Bancorp DE purchased a new stake in IBEX during the 1st quarter worth approximately $41,000. Deutsche Bank AG bought a new stake in shares of IBEX in the fourth quarter worth $46,000. Finally, Quantbot Technologies LP increased its position in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after purchasing an additional 2,311 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBEX has been the subject of a number of analyst reports. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research note on Monday, May 12th.

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.