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 firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the sale, the chief executive officer now directly owns 226,841 shares in the company, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Price Performance

IBEX opened at $22.08 on Friday. The stock has a market capitalization of $370.06 million, a price-to-earnings ratio of 11.68 and a beta of 0.78. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $22.52. The business has a 50-day moving average of $20.80 and a two-hundred day moving average of $18.88.

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

Analyst Ratings Changes

Separately, Robert W. Baird raised their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of IBEX by 114.6% in the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after purchasing an additional 15,999 shares during the period. Quadrature Capital Ltd acquired a new position in IBEX during the third quarter valued at approximately $522,000. Barclays PLC grew its stake in 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. Janus Henderson Group PLC increased its position in shares of IBEX by 11.9% in the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after acquiring an additional 1,842 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of IBEX by 76.9% in the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after acquiring an additional 14,279 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.