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 IBEX stock in a transaction on Tuesday, February 17th. The stock was 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 $8,871,399.78. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $29.55 on Friday. IBEX Limited has a 1 year low of $21.64 and a 1 year high of $42.99. The company has a market capitalization of $396.27 million, a PE ratio of 9.72 and a beta of 0.64. The business has a fifty day moving average price of $36.37 and a two-hundred day moving average price of $35.40.

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

Institutional Trading of IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in IBEX by 13.9% in the 4th quarter. Invesco Ltd. now owns 101,961 shares of the company’s stock worth $3,893,000 after purchasing an additional 12,452 shares during the period. EP Wealth Advisors LLC bought a new position in shares of IBEX in the fourth quarter valued at approximately $337,000. Mackenzie Financial Corp grew its stake in IBEX by 111.3% during the fourth quarter. Mackenzie Financial Corp now owns 16,597 shares of the company’s stock valued at $638,000 after acquiring an additional 8,744 shares in the last quarter. NewEdge Advisors LLC bought a new stake in IBEX during the 4th quarter worth approximately $315,000. Finally, Empowered Funds LLC purchased a new stake in IBEX in the 4th quarter worth approximately $84,000. 81.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About IBEX

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.