Insider Selling: 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 stock was 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 in the company, valued at approximately $7,838,054.76. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $29.63, for a total value of $177,780.00.

IBEX Trading Down 6.0%

IBEX stock traded down $1.78 during trading hours on Monday, reaching $27.77. 182,589 shares of the stock were exchanged, compared to its average volume of 150,645. IBEX Limited has a twelve month low of $21.64 and a twelve month high of $42.99. The company has a market cap of $372.40 million, a P/E ratio of 9.13 and a beta of 0.64. The stock has a 50 day moving average of $36.21 and a two-hundred day moving average of $35.52.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 5th. The company reported $0.87 EPS 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 analysts’ expectations of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Hedge Funds Weigh In On IBEX

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

Analyst Upgrades and Downgrades

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