IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant Sells 3,008 Shares

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 3,008 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $67,680.00. Following the completion of the sale, the chief executive officer now directly owns 223,633 shares of the company’s stock, valued at $5,031,742.50. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robert Thomas Dechant also recently made the following trade(s):

• On Friday, January 24th, Robert Thomas Dechant sold 200 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $4,500.00.
• On Tuesday, January 21st, Robert Thomas Dechant sold 1,792 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00.

IBEX Stock Up 0.5 %

Shares of NASDAQ IBEX opened at $22.26 on Wednesday. The firm’s 50-day moving average price is $20.96 and its two-hundred day moving average price is $19.03. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $22.52. The stock has a market capitalization of $373.08 million, a P/E ratio of 11.78 and a beta of 0.78.

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

Institutional Investors Weigh In On IBEX

Several large investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after purchasing an additional 1,623 shares during the period. Janus Henderson Group PLC increased its stake in shares of IBEX by 11.9% in the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares during the period. State Street Corp increased its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after purchasing an additional 2,105 shares during the period. R Squared Ltd acquired a new stake in shares of IBEX in the fourth quarter valued at approximately $48,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of IBEX by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.