IBEX (NASDAQ:IBEX) Stock: Insider Robert Thomas Dechant Sells 5,000 Shares

IBEX Limited (NASDAQ:IBEX) CEO Robert Dechant sold 5,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $45.02, for a total transaction of $225,100.00. Following the completion of the sale, the chief executive officer owned 257,011 shares in the company, valued at $11,570,635.22. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Robert Dechant sold 25,000 shares of IBEX stock. The stock was sold at an average price of $39.99, for a total transaction of $999,750.00.

IBEX Stock Down 2.1%

Shares of IBEX stock traded down $0.95 during trading on Tuesday, hitting $43.38. 76,476 shares of the company were exchanged, compared to its average volume of 126,654. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $45.28. The stock has a market capitalization of $576.09 million, a price-to-earnings ratio of 13.86 and a beta of 0.72. The firm has a 50 day moving average price of $37.67 and a 200 day moving average price of $32.77.

IBEX (NASDAQ:IBEX) last announced its earnings results on Friday, September 11th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $164.27 million for the quarter, compared to analysts’ expectations of $160.02 million. IBEX had a return on equity of 28.96% and a net margin of 7.19%.

Analysts Set New Price Targets

IBEX has been the subject of several analyst reports. Weiss Ratings raised shares of IBEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 21st. Robert W. Baird lifted their price target on shares of IBEX from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wall Street Zen lowered shares of IBEX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.00.

Institutional Investors Weigh In On IBEX

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of IBEX by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock valued at $9,607,000 after acquiring an additional 24,942 shares during the last quarter. Tieton Capital Management LLC purchased a new stake in IBEX in the second quarter valued at approximately $8,353,000. Hillsdale Investment Management Inc. grew its holdings in IBEX by 2.8% in the first quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock valued at $7,086,000 after purchasing an additional 7,300 shares during the period. Globeflex Capital L P acquired a new position in IBEX during the second quarter worth approximately $3,112,000. Finally, Los Angeles Capital Management LLC increased its position in IBEX by 25.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 68,825 shares of the company’s stock worth $2,591,000 after purchasing an additional 13,807 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited (NASDAQ: IBEX) is a global business process outsourcing and customer experience company. It provides digitally enabled customer support and operational services for brands across industries including e-commerce, health and fitness, fintech, logistics, retail, travel and utilities.

The company’s services include customer care, technical support, sales and customer acquisition, back-office processing, trust and safety, and other specialized business support functions. IBEX combines contact center personnel, analytics, automation and artificial intelligence-enabled tools to help clients manage customer interactions across voice, digital and other communication channels.

IBEX serves clients primarily in North America and other international markets through delivery operations in locations including the United States, the Philippines, Jamaica, Nicaragua and Pakistan.