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

by · The Cerbat Gem

IBEX Limited (NASDAQ:IBEX – Get Free Report) 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 sale, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at $8,710,983. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 shares were 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%

Shares of IBEX stock traded down $0.58 on Wednesday, hitting $30.44. The stock had a trading volume of 131,450 shares, compared to its average volume of 133,603. The company’s 50 day moving average price is $28.62 and its 200 day moving average price is $33.29. The stock has a market cap of $407.59 million, a price-to-earnings ratio of 9.51 and a beta of 0.66. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99.

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

Analyst Upgrades and Downgrades

Several analysts have commented on IBEX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a research note 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX presently has an average rating of “Hold” and a consensus price target of $40.00.

Check Out Our Latest Analysis on IBEX

Hedge Funds Weigh In On IBEX

Large investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in IBEX in the 3rd quarter valued at approximately $46,000. Penserra Capital Management LLC acquired a new position in IBEX during the third quarter worth $52,000. Amundi acquired a new position in IBEX during the first quarter worth $74,000. Empowered Funds LLC acquired a new position in IBEX during the fourth quarter worth $84,000. Finally, Clearstead Advisors LLC raised its holdings in IBEX by 159.1% during the fourth quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock worth $101,000 after purchasing an additional 1,618 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

About IBEX

(Get Free Report)

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.

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