IBEX Limited (NASDAQ:IBEX) CEO Sells $65,525.00 in Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 2,621 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $25.00, for a total transaction of $65,525.00. Following the transaction, the chief executive officer now owns 221,012 shares of the company’s stock, valued at $5,525,300. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Robert Thomas Dechant also recently made the following trade(s):

• On Monday, January 27th, Robert Thomas Dechant sold 3,008 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $67,680.00.
• 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 Trading Up 10.9 %

Shares of IBEX stock traded up $2.40 on Friday, hitting $24.49. 508,055 shares of the company traded hands, compared to its average volume of 132,774. The firm’s 50-day simple moving average is $21.21 and its 200 day simple moving average is $19.30. The company has a market cap of $410.45 million, a P/E ratio of 12.96 and a beta of 0.78. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $25.03.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Analyst Upgrades and Downgrades

IBEX has been the topic of several analyst reports. Robert W. Baird boosted their price objective 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. Royal Bank of Canada increased their price objective on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBEX. Victory Capital Management Inc. boosted its position in shares of IBEX by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock worth $1,321,000 after purchasing an additional 2,800 shares during the period. Denali Advisors LLC bought a new position in shares of IBEX during the fourth quarter worth $558,000. New York State Common Retirement Fund boosted its position in shares of IBEX by 146.5% during the fourth quarter. New York State Common Retirement Fund now owns 11,777 shares of the company’s stock worth $253,000 after acquiring an additional 7,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in IBEX during the fourth quarter valued at $1,411,000. Finally, Allspring Global Investments Holdings LLC raised its stake in IBEX by 11.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company’s stock valued at $738,000 after purchasing an additional 3,588 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.