Robert Thomas Dechant Sells 1,792 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $40,320.00. Following the completion of the transaction, the chief executive officer now directly owns 226,841 shares in the company, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

IBEX Price Performance

IBEX stock opened at $22.08 on Friday. The stock’s 50 day moving average price is $20.80 and its 200 day moving average price is $18.88. The company has a market cap of $370.06 million, a PE ratio of 11.68 and a beta of 0.78. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $22.52.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The business had revenue of $129.72 million for the quarter.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of IBEX in the 4th quarter worth approximately $48,000. Exchange Traded Concepts LLC purchased a new stake in IBEX during the fourth quarter worth $307,000. SG Americas Securities LLC acquired a new stake in IBEX in the fourth quarter valued at $116,000. Ritholtz Wealth Management raised its stake in shares of IBEX by 76.9% during the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock worth $706,000 after buying an additional 14,279 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of IBEX by 386.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock worth $387,000 after buying an additional 15,372 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.