IBEX Limited (NASDAQ:IBEX) CEO Sells $131,280.00 in Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $30.00, for a total transaction of $131,280.00. Following the sale, the chief executive officer directly owned 193,633 shares of the company’s stock, valued at approximately $5,808,990. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 2nd, Robert Thomas Dechant sold 624 shares of IBEX stock. The stock was sold at an average price of $30.00, for a total transaction of $18,720.00.
• On Friday, June 13th, Robert Thomas Dechant sold 15,000 shares of IBEX stock. The shares were sold at an average price of $28.96, for a total transaction of $434,400.00.

IBEX Trading Up 2.2%

IBEX stock opened at $30.61 on Friday. The stock has a market cap of $409.19 million, a price-to-earnings ratio of 13.36 and a beta of 0.77. IBEX Limited has a 12-month low of $15.15 and a 12-month high of $32.08. The business’s 50-day moving average is $28.08 and its 200 day moving average is $25.05. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01.

Institutional Trading of IBEX

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock worth $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after buying an additional 1,401 shares during the last quarter. US Bancorp DE purchased a new stake in IBEX in the first quarter valued at approximately $41,000. Deutsche Bank AG purchased a new position in shares of IBEX in the 4th quarter valued at approximately $46,000. Finally, Quantbot Technologies LP lifted its position in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after purchasing an additional 2,311 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird downgraded shares of IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Monday, May 12th. Baird R W lowered IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th.

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.