Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 1,792 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 1,792 shares of IBEX stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $40,320.00. Following the sale, the chief executive officer now owns 226,841 shares of the company’s stock, valued at $5,103,922.50. The trade was a 0.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IBEX Price Performance

NASDAQ IBEX traded down $0.41 during trading on Wednesday, reaching $21.80. 62,500 shares of the company’s stock traded hands, compared to its average volume of 134,762. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $22.52. The firm has a market cap of $365.48 million, a price-to-earnings ratio of 11.53 and a beta of 0.78. The company’s 50 day simple moving average is $20.77 and its two-hundred day simple moving average is $18.86.

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

Institutional Investors Weigh In On IBEX

Hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of IBEX in the 3rd quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in shares of IBEX during the 4th quarter worth approximately $116,000. Meeder Asset Management Inc. lifted its position in IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after acquiring an additional 8,433 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in IBEX in the fourth quarter valued at approximately $307,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target 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. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, IBEX currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.