Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells $299,250.00 in Stock

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

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 transaction of $124,519.56.

IBEX Stock Performance

Shares of IBEX stock opened at $19.99 on Friday. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $20.56. The firm has a market capitalization of $344.11 million, a PE ratio of 13.07 and a beta of 0.73. The firm has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $15.69. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

IBEX has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada raised their target price on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently made changes to their positions in the business. Circumference Group LLC bought a new stake in IBEX during the 4th quarter worth approximately $7,842,000. Kennedy Capital Management LLC boosted its position in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after buying an additional 218,679 shares during the last quarter. American Century Companies Inc. grew its holdings in IBEX by 4.3% during the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after buying an additional 55,216 shares in the last quarter. Private Capital Management LLC purchased a new stake in IBEX in the 4th quarter valued at $920,000. Finally, Quadrature Capital Ltd bought a new position in IBEX during the 1st quarter valued at $349,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.