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

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $40,320.00. Following the sale, the chief executive officer now owns 226,841 shares in the company, valued at approximately $5,103,922.50. This represents a 0.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IBEX Stock Down 1.8 %

NASDAQ:IBEX opened at $21.80 on Thursday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $22.52. The stock’s 50 day moving average price is $20.77 and its two-hundred day moving average price is $18.86. The firm has a market capitalization of $365.37 million, a price-to-earnings ratio of 11.53 and a beta of 0.78.

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

Institutional Trading of IBEX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Walleye Capital LLC acquired a new stake in IBEX during the third quarter worth approximately $556,000. Quadrature Capital Ltd bought a new position in shares of IBEX during the third quarter worth approximately $522,000. Virtu Financial LLC acquired a new stake in IBEX during the 3rd quarter worth approximately $380,000. Ritholtz Wealth Management bought a new stake in IBEX in the 3rd quarter valued at $371,000. Finally, Jane Street Group LLC grew its holdings in IBEX by 114.6% in the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock valued at $599,000 after buying an additional 15,999 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird upped their price target 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 issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.