Shuja Keen Sells 11,199 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Shuja Keen sold 11,199 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $21.95, for a total value of $245,818.05. Following the transaction, the director now directly owns 47,727 shares in the company, valued at $1,047,607.65. This represents a 19.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shuja Keen also recently made the following trade(s):

• On Thursday, December 12th, Shuja Keen sold 17,000 shares of IBEX stock. The shares were sold at an average price of $20.27, for a total value of $344,590.00.

IBEX Stock Up 0.2 %

IBEX stock opened at $21.49 on Wednesday. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $21.96. The firm has a market capitalization of $360.17 million, a PE ratio of 11.37 and a beta of 0.80. The stock has a 50-day simple moving average of $19.86 and a two-hundred day simple moving average of $18.25.

Hedge Funds Weigh In On IBEX

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after purchasing an additional 55,216 shares during the period. Walleye Capital LLC purchased a new stake in shares of IBEX in the third quarter worth $556,000. Quadrature Capital Ltd bought a new stake in IBEX during the third quarter valued at $522,000. Virtu Financial LLC purchased a new position in IBEX during the third quarter worth about $380,000. Finally, Ritholtz Wealth Management bought a new position in IBEX in the 3rd quarter worth about $371,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IBEX shares. Robert W. Baird lifted their target price on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.