Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 624 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 624 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $30.00, for a total transaction of $18,720.00. Following the transaction, the chief executive officer directly owned 198,009 shares of the company's stock, valued at $5,940,270. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, July 3rd, Robert Thomas Dechant sold 4,376 shares of IBEX stock. The stock was sold at an average price of $30.00, for a total value of $131,280.00.
• 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 value of $434,400.00.

IBEX Stock Up 2.2%

Shares of NASDAQ:IBEX traded up $0.67 during trading on Friday, hitting $30.61. The company's stock had a trading volume of 102,777 shares, compared to its average volume of 141,236. IBEX Limited has a fifty-two week low of $15.15 and a fifty-two week high of $32.08. The business has a 50 day moving average price of $28.20 and a two-hundred day moving average price of $25.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $409.19 million, a PE ratio of 13.36 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC purchased a new position in shares of IBEX in the 4th quarter valued at about $205,000. D. E. Shaw & Co. Inc. raised its holdings in IBEX by 4.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,542 shares in the last quarter. Bank of America Corp DE lifted its stake in IBEX by 206.9% in the fourth quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock worth $855,000 after acquiring an additional 26,822 shares during the last quarter. Barclays PLC grew its holdings in IBEX by 6.8% during the 4th quarter. Barclays PLC now owns 22,046 shares of the company's stock worth $473,000 after acquiring an additional 1,410 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of IBEX by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock valued at $7,009,000 after purchasing an additional 76,302 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Monday, May 12th. Baird R W cut shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report 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.