IBEX (NASDAQ:IBEX) CEO Robert Thomas Dechant Sells 7,800 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 7,800 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $30.50, for a total value of $237,900.00. Following the completion of the transaction, the chief executive officer owned 285,606 shares in the company, valued at $8,710,983. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 23rd, Robert Thomas Dechant sold 6,000 shares of IBEX stock. The stock was sold at an average price of $28.46, for a total value of $170,760.00.
• 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 value of $177,780.00.

IBEX Trading Down 1.9%

NASDAQ IBEX opened at $30.44 on Thursday. The stock’s 50 day moving average is $28.65 and its 200 day moving average is $33.24. IBEX Limited has a 12 month low of $25.94 and a 12 month high of $42.99. The stock has a market cap of $407.59 million, a PE ratio of 9.51 and a beta of 0.66.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $164.41 million during the quarter, compared to analyst estimates of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IBEX shares. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of IBEX by 37.9% during the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock valued at $14,084,000 after acquiring an additional 95,595 shares in the last quarter. Quantbot Technologies LP grew its stake in IBEX by 16.1% in the third quarter. Quantbot Technologies LP now owns 7,960 shares of the company’s stock worth $323,000 after purchasing an additional 1,102 shares in the last quarter. R Squared Ltd bought a new position in IBEX in the third quarter worth approximately $239,000. Semanteon Capital Management LP purchased a new position in IBEX during the 3rd quarter worth $207,000. Finally, D Orazio & Associates Inc. bought a new stake in IBEX during the 3rd quarter valued at $228,000. Institutional investors own 81.24% of the company’s stock.

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.