Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 49,931 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 49,931 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the sale, the chief executive officer now owns 213,633 shares of the company’s stock, valued at approximately $5,605,729.92. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, February 14th, Robert Thomas Dechant sold 5,000 shares of IBEX stock. The shares were sold at an average price of $27.56, for a total value of $137,800.00.
• On Monday, February 10th, Robert Thomas Dechant sold 61 shares of IBEX stock. The stock was sold at an average price of $25.00, for a total value of $1,525.00.
• On Friday, February 7th, Robert Thomas Dechant sold 2,621 shares of IBEX stock. The stock was sold at an average price of $25.00, for a total transaction of $65,525.00.
• On Monday, January 27th, Robert Thomas Dechant sold 3,008 shares of IBEX stock. The shares were 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 value of $40,320.00.

IBEX Stock Down 2.1 %

IBEX traded down $0.54 during midday trading on Thursday, reaching $25.22. The company’s stock had a trading volume of 129,967 shares, compared to its average volume of 222,207. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $20.25. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The firm has a market capitalization of $332.70 million, a price-to-earnings ratio of 11.84 and a beta of 0.78. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Hedge Funds Weigh In On IBEX

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,450 shares during the last quarter. 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. FMR LLC grew its holdings in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares during the last quarter. Martingale Asset Management L P increased its position in shares of IBEX by 110.9% during the third quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock valued at $434,000 after acquiring an additional 11,421 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of IBEX during the third quarter valued at approximately $556,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on IBEX. Royal Bank of Canada raised their target price on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Robert W. Baird raised their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

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.