Insider Selling: IBEX (NASDAQ:IBEX) CEO Sells 7,800 Shares of Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 7,800 shares of IBEX stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $30.50, for a total value of $237,900.00. Following the transaction, the chief executive officer owned 285,606 shares in the company, valued at approximately $8,710,983. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $29.63, for a total value of $177,780.00.

IBEX Price Performance

IBEX stock traded down $0.58 during trading on Wednesday, reaching $30.44. 131,450 shares of the company were exchanged, compared to its average volume of 133,603. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99. The company has a market capitalization of $407.59 million, a P/E ratio of 9.51 and a beta of 0.66. The stock’s 50 day simple moving average is $28.62 and its two-hundred day simple moving average is $33.29.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in shares of IBEX during the 3rd quarter worth about $46,000. Penserra Capital Management LLC purchased a new stake in shares of IBEX in the 3rd quarter valued at about $52,000. Empowered Funds LLC purchased a new stake in shares of IBEX in the 4th quarter valued at about $84,000. Clearstead Advisors LLC lifted its holdings in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after purchasing an additional 1,618 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of IBEX by 418.7% in the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock valued at $103,000 after purchasing an additional 2,194 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IBEX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Wall Street Zen raised IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two equities research 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 price target of $40.00.

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.