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

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of IBEX stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IBEX Stock Performance

IBEX stock opened at $22.29 on Friday. The company’s 50 day simple moving average is $20.85 and its 200-day simple moving average is $18.90. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $22.52. The company has a market capitalization of $373.58 million, a price-to-earnings ratio of 11.79 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last announced its 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 company had revenue of $129.72 million for the quarter.

Institutional Investors Weigh In On IBEX

A number of hedge funds have recently bought and sold shares of IBEX. Dimensional Fund Advisors LP increased its position in shares of IBEX by 1.6% in the 2nd 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 last quarter. State Street Corp increased its holdings in 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 buying an additional 2,105 shares during the last quarter. Sei Investments Co. raised its stake in IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after buying an additional 15,507 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock worth $1,701,000 after acquiring an additional 14,411 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of IBEX by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after acquiring an additional 3,450 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

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