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

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 6,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.46, for a total value of $170,760.00. Following the sale, the chief executive officer directly owned 275,406 shares of the company’s stock, valued at $7,838,054.76. This represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 17th, Robert Thomas Dechant sold 6,000 shares of IBEX stock. The shares were sold at an average price of $29.63, for a total transaction of $177,780.00.

IBEX Price Performance

Shares of IBEX opened at $27.77 on Wednesday. The company’s 50-day moving average is $35.82 and its 200-day moving average is $35.51. The firm has a market capitalization of $372.40 million, a PE ratio of 9.13 and a beta of 0.64. IBEX Limited has a fifty-two week low of $21.64 and a fifty-two week high of $42.99.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The business had revenue of $164.22 million during the quarter, compared to the consensus estimate of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 5th. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada lifted their target price on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of IBEX

Several large investors have recently modified their holdings of IBEX. Invesco Ltd. raised its stake in IBEX by 13.9% in the fourth quarter. Invesco Ltd. now owns 101,961 shares of the company’s stock valued at $3,893,000 after purchasing an additional 12,452 shares in the last quarter. EP Wealth Advisors LLC bought a new position in IBEX in the 4th quarter valued at about $337,000. Mackenzie Financial Corp increased its holdings in IBEX by 111.3% in the 4th quarter. Mackenzie Financial Corp now owns 16,597 shares of the company’s stock valued at $638,000 after buying an additional 8,744 shares during the period. NewEdge Advisors LLC acquired a new position in shares of IBEX in the 4th quarter valued at approximately $315,000. Finally, Empowered Funds LLC bought a new stake in shares of IBEX during the 4th quarter worth approximately $84,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.