Robert Thomas Dechant Sells 15,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $28.96, for a total value of $434,400.00. Following the transaction, the chief executive officer now owns 198,633 shares in the company, valued at $5,752,411.68. This represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Stock Up 0.5%

IBEX opened at $28.48 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $24.37. The stock has a market capitalization of $380.78 million, a P/E ratio of 12.44 and a beta of 0.78. IBEX Limited has a 12 month low of $15.15 and a 12 month high of $32.08.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Robert W. Baird downgraded 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 downgraded IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th.

Institutional Trading of IBEX

Several hedge funds have recently modified their holdings of the business. Royce & Associates LP lifted its holdings in shares of IBEX by 3.7% in the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company’s stock valued at $11,787,000 after buying an additional 19,481 shares during the period. Wellington Management Group LLP lifted its holdings in shares of IBEX by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company’s stock valued at $11,716,000 after buying an additional 23,800 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of IBEX by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company’s stock valued at $10,969,000 after buying an additional 4,777 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of IBEX by 121.1% in the 1st quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock valued at $10,011,000 after buying an additional 225,380 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 76,302 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

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.