IBEX (NASDAQ:IBEX) CEO Robert Thomas Dechant Sells 6,000 Shares

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $29.63, for a total value of $177,780.00. Following the sale, the chief executive officer owned 299,406 shares in the company, valued at approximately $8,871,399.78. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IBEX Stock Performance

NASDAQ IBEX traded up $0.16 on Wednesday, hitting $29.98. The stock had a trading volume of 100,907 shares, compared to its average volume of 151,841. The firm has a 50-day moving average of $36.65 and a 200-day moving average of $35.48. IBEX Limited has a 52-week low of $21.64 and a 52-week high of $42.99. The company has a market capitalization of $401.91 million, a price-to-earnings ratio of 9.86 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. The firm had revenue of $164.22 million for the quarter, compared to analysts’ expectations of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Institutional Trading of IBEX

Several large investors have recently modified their holdings of IBEX. Advisory Services Network LLC bought a new stake in shares of IBEX in the 3rd quarter worth approximately $46,000. Penserra Capital Management LLC bought a new stake in IBEX in the third quarter valued at $52,000. Empowered Funds LLC bought a new position in IBEX in the 4th quarter worth $84,000. Clearstead Advisors LLC raised its holdings in IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock worth $101,000 after purchasing an additional 1,618 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of IBEX by 418.7% in the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after purchasing an additional 2,194 shares during the period. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada raised their price objective on IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Weiss Ratings downgraded shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 5th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.00.

IBEX Company Profile

IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.

Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.