IBEX Limited (NASDAQ:IBEX – Get Free Report) CEO Robert Thomas Dechant sold 7,800 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $30.50, for a total value of $237,900.00. Following the transaction, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 Price Performance
Shares of IBEX stock opened at $30.56 on Friday. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.99. The stock’s 50 day simple moving average is $28.69 and its two-hundred day simple moving average is $33.16. The company has a market cap of $409.20 million, a PE ratio of 9.55 and a beta of 0.66.
Institutional Investors Weigh In On IBEX
Several hedge funds and other institutional investors have recently modified their holdings of the business. Brendel Financial Advisors LLC raised its holdings in shares of IBEX by 3.3% in the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock worth $367,000 after buying an additional 307 shares during the period. Baron Wealth Management LLC raised its holdings in shares of IBEX by 6.1% in 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 period. SG Americas Securities LLC raised its holdings in shares of IBEX by 5.7% in 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 period. Ieq Capital LLC raised its holdings in shares of 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 buying an additional 429 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of IBEX by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after buying an additional 434 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
IBEX has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research report on Monday, May 4th. Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.00.
View Our Latest Research Report on IBEX
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.
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