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 company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total value 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 approximately $5,103,922.50. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IBEX Stock Performance

NASDAQ IBEX traded down $0.41 on Wednesday, reaching $21.80. 62,500 shares of the company’s stock traded hands, compared to its average volume of 134,762. The stock has a 50 day moving average price of $20.77 and a 200-day moving average price of $18.86. The firm has a market cap of $365.48 million, a price-to-earnings ratio of 11.53 and a beta of 0.78. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $22.52.

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report 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. Based on data from MarketBeat, IBEX has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in IBEX by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after buying an additional 3,759 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of IBEX by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after acquiring an additional 3,052 shares in the last quarter. Sei Investments Co. grew its position in shares of IBEX by 12.1% during the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after acquiring an additional 15,507 shares during the period. Ritholtz Wealth Management purchased a new position in shares of IBEX in the 3rd quarter valued at about $371,000. Finally, Victory Capital Management Inc. raised its holdings in IBEX by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,450 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.