Insider Selling: IBEX (NASDAQ:IBEX) CEO Sells 1,634 Shares of Stock

Key Points

• IBEX Limited CEO Robert Thomas Dechant sold 1,634 shares at an average price of $29.13 on August 26, further reducing his stake by 0.84% to 191,999 shares.
• The company's stock price recently fell by $2.73 to $38.85, with a market capitalization of approximately $517.09 million.
• Royal Bank of Canada raised its price target for IBEX from $31.00 to $39.00, while three analysts have rated the stock with a consensus "Hold" rating and an average target price of $34.50.

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 1,634 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $29.13, for a total transaction of $47,598.42. Following the completion of the sale, the chief executive officer owned 191,999 shares in the company, valued at $5,592,930.87. The trade was a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $30.00, for a total transaction of $131,280.00.
• On Wednesday, July 2nd, Robert Thomas Dechant sold 624 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total transaction of $18,720.00.

IBEX Stock Performance

Shares of NASDAQ:IBEX traded down $2.73 during trading hours on Monday, hitting $38.85. The stock had a trading volume of 539,367 shares, compared to its average volume of 162,503. The stock's fifty day simple moving average is $29.68 and its 200 day simple moving average is $27.53. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The firm has a market capitalization of $517.09 million, a price-to-earnings ratio of 16.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised their price target on shares of IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $34.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBEX. US Bancorp DE acquired a new position in IBEX in the first quarter worth approximately $41,000. Deutsche Bank AG acquired a new position in IBEX in the fourth quarter worth approximately $46,000. CWM LLC grew its position in IBEX by 392.7% in the first quarter. CWM LLC now owns 2,853 shares of the company's stock worth $69,000 after buying an additional 2,274 shares during the last quarter. Amundi acquired a new position in IBEX in the first quarter worth approximately $74,000. Finally, State of Wyoming acquired a new position in IBEX in the fourth quarter worth approximately $119,000. Institutional investors and hedge funds own 81.24% of the company's stock.

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.

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