IBEX (NASDAQ:IBEX) CEO Sells $170,760.00 in Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 6,000 shares of the 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 completion of the sale, the chief executive officer owned 275,406 shares of the company’s stock, valued at $7,838,054.76. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $29.63, for a total value of $177,780.00.

IBEX Stock Down 6.0%

Shares of NASDAQ IBEX traded down $1.78 during trading on Monday, reaching $27.77. The company had a trading volume of 182,589 shares, compared to its average volume of 150,645. The stock has a market cap of $372.40 million, a P/E ratio of 9.13 and a beta of 0.64. The company’s fifty day moving average price is $36.21 and its 200-day moving average price is $35.52. IBEX Limited has a 12 month low of $21.64 and a 12 month high of $42.99.

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

Institutional Trading of IBEX

Hedge funds have recently bought and sold shares of the business. Brendel Financial Advisors LLC lifted its position in IBEX by 3.3% in the 4th quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock valued at $367,000 after acquiring an additional 307 shares in the last quarter. Baron Wealth Management LLC increased its holdings in IBEX by 6.1% during the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after buying an additional 312 shares during the last quarter. SG Americas Securities LLC increased its holdings in IBEX by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares during the last quarter. Ieq Capital LLC raised its position in IBEX by 3.8% in the fourth quarter. Ieq Capital LLC now owns 11,772 shares of the company’s stock worth $449,000 after acquiring an additional 429 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in IBEX by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

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