IBEX Limited (NASDAQ:IBEX) CEO Sells $67,680.00 in Stock

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

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 Price Performance

IBEX stock traded down $0.14 during trading on Monday, hitting $22.15. 102,824 shares of the stock traded hands, compared to its average volume of 125,977. The firm’s 50 day moving average is $20.91 and its two-hundred day moving average is $18.99. The stock has a market cap of $371.23 million, a price-to-earnings ratio of 11.72 and a beta of 0.78. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $22.53.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their target price 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Institutional Inflows and Outflows

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