Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 2,621 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 2,621 shares of the 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 directly owns 221,012 shares in the company, valued at approximately $5,525,300. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a 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 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 shares were sold at an average price of $22.50, for a total transaction of $40,320.00.

IBEX Price Performance

Shares of IBEX stock traded up $1.04 on Tuesday, hitting $25.95. The stock had a trading volume of 478,703 shares, compared to its average volume of 153,867. The business has a 50 day moving average of $21.38 and a 200 day moving average of $19.44. The stock has a market cap of $434.92 million, a price-to-earnings ratio of 12.18 and a beta of 0.78. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $26.22.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Institutional Trading of IBEX

Large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after buying an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new stake in IBEX during the fourth quarter worth about $48,000. Quantbot Technologies LP increased its holdings in IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after buying an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in IBEX during the third quarter worth about $68,000. Finally, SG Americas Securities LLC purchased a new stake in IBEX during the fourth quarter worth about $116,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBEX shares. Royal Bank of Canada raised their price objective on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday. Robert W. Baird raised their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.

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.