IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant Sells 2,621 Shares of 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 shares were sold at an average price of $25.00, for a total value of $65,525.00. Following the sale, the chief executive officer now directly owns 221,012 shares of the company’s stock, valued at approximately $5,525,300. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value 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 shares were sold at an average price of $22.50, for a total transaction of $40,320.00.

IBEX Stock Up 10.9 %

IBEX stock opened at $24.49 on Friday. The company has a 50 day moving average of $21.21 and a two-hundred day moving average of $19.30. The company has a market cap of $410.45 million, a price-to-earnings ratio of 11.50 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 released its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 23.13% and a net margin of 7.08%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On IBEX

Several large investors have recently made changes to their positions in IBEX. JPMorgan Chase & Co. grew its position in IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock worth $387,000 after acquiring an additional 15,372 shares in the last quarter. Jane Street Group LLC increased its position in IBEX by 114.6% during the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after buying an additional 15,999 shares during the last quarter. Barclays PLC increased its position 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 last quarter. Ritholtz Wealth Management raised its holdings in IBEX by 76.9% during the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after buying an additional 14,279 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of IBEX in the third quarter worth about $522,000. 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.