Robert Thomas Dechant Sells 49,931 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 49,931 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the sale, the chief executive officer now directly owns 213,633 shares of the company’s stock, valued at $5,605,729.92. This represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 14th, Robert Thomas Dechant sold 5,000 shares of IBEX stock. The shares were sold at an average price of $27.56, for a total transaction of $137,800.00.
• On Monday, February 10th, Robert Thomas Dechant sold 61 shares of IBEX stock. The stock was sold at an average price of $25.00, for a total transaction of $1,525.00.
• On Friday, February 7th, Robert Thomas Dechant sold 2,621 shares of IBEX stock. The stock was sold at an average price of $25.00, for a total transaction of $65,525.00.
• On Monday, January 27th, Robert Thomas Dechant sold 3,008 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $67,680.00.
• 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 Price Performance

IBEX stock opened at $25.31 on Friday. The company has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $20.36. The stock has a market cap of $333.89 million, a price-to-earnings ratio of 11.88 and a beta of 0.78. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Hedge Funds Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of IBEX by 386.9% during the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock worth $387,000 after buying an additional 15,372 shares during the period. Jane Street Group LLC increased its position in shares of IBEX by 114.6% during the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after buying an additional 15,999 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of IBEX during the fourth quarter worth $1,411,000. Barclays PLC increased its position in shares of IBEX by 95.2% during the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after buying an additional 10,062 shares during the period. Finally, Ritholtz Wealth Management increased its position in shares of IBEX by 76.9% during the fourth 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 period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Robert W. Baird upped their price objective 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.

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.