IBEX Limited (NASDAQ:IBEX) CEO Sells $40,320.00 in Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of the firm’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 directly owns 226,841 shares of the company’s stock, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

IBEX Trading Up 1.0 %

Shares of NASDAQ:IBEX opened at $22.29 on Friday. The company has a market capitalization of $373.58 million, a PE ratio of 11.79 and a beta of 0.78. The business’s fifty day simple moving average is $20.85 and its 200-day simple moving average is $18.90. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $22.52.

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their price objective on shares of IBEX from $23.00 to $26.00 and gave the company 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after purchasing an additional 1,623 shares during the period. R Squared Ltd acquired a new stake in IBEX during the 4th quarter worth $48,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the third quarter worth $68,000. SG Americas Securities LLC acquired a new stake in shares of IBEX in the fourth quarter valued at about $116,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after buying an additional 8,433 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

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.