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 the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the completion of the sale, the director now directly owns 42,312 shares of the company's stock, valued at $1,254,973.92. The trade was a 45.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IBEX Stock Performance

Shares of NASDAQ:IBEX traded down $2.14 on Friday, reaching $27.89. 381,880 shares of the company's stock were exchanged, compared to its average volume of 137,069. The firm has a market capitalization of $372.95 million, a price-to-earnings ratio of 13.09 and a beta of 0.78. IBEX Limited has a fifty-two week low of $15.15 and a fifty-two week high of $32.08. The business's 50-day moving average is $26.58 and its two-hundred day moving average is $24.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On IBEX

A number of institutional investors have recently modified their holdings of IBEX. JPMorgan Chase & Co. raised its stake in IBEX by 1,369.6% during the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock worth $6,109,000 after acquiring an additional 264,947 shares during the period. Acadian Asset Management LLC grew its holdings in shares of IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company's stock valued at $10,011,000 after purchasing an additional 225,380 shares during the last quarter. Impact Capital Partners LLC acquired a new stake in shares of IBEX during the 4th quarter worth approximately $4,829,000. Bridgeway Capital Management LLC acquired a new stake in shares of IBEX during the 1st quarter worth approximately $3,591,000. Finally, AQR Capital Management LLC lifted its holdings in shares of IBEX by 312.6% in the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock worth $3,407,000 after purchasing an additional 105,997 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

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

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