Key Points
- IBEX CEO Robert Thomas Dechant sold 6,000 shares on Feb. 17 at an average price of $29.63 for $177,780, reducing his stake by 1.96% to 299,406 shares.
- The company posted a quarterly beat — $0.87 EPS vs. $0.78 expected and revenue of $164.22M vs. $155.48M, with a net margin of 7.35% and ROE of 31.7%.
- Analysts carry an average Hold rating with a $35 consensus target, and institutional investors own roughly 81.24% of the stock.
IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 6,000 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $29.63, for a total value of $177,780.00. Following the completion of the transaction, the chief executive officer owned 299,406 shares in the company, valued at $8,871,399.78. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
IBEX Stock Up 0.5%
Shares of IBEX stock opened at $29.98 on Thursday. IBEX Limited has a 12-month low of $21.64 and a 12-month high of $42.99. The company has a market capitalization of $402.03 million, a price-to-earnings ratio of 9.86 and a beta of 0.64. The firm's 50-day moving average price is $36.52 and its two-hundred day moving average price is $35.44.
IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.09. The company had revenue of $164.22 million during the quarter, compared to the consensus estimate of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.
Institutional Investors Weigh In On IBEX
A number of institutional investors and hedge funds have recently bought and sold shares of IBEX. Advisory Services Network LLC purchased a new position in IBEX during the 3rd quarter worth $46,000. Penserra Capital Management LLC purchased a new position in IBEX during the third quarter worth about $52,000. Amundi purchased a new position in IBEX during the first quarter worth about $74,000. Empowered Funds LLC bought a new stake in IBEX in the 4th quarter worth about $84,000. Finally, Clearstead Advisors LLC increased its stake in 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 buying an additional 1,618 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on IBEX from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Monday, November 10th. Wall Street Zen downgraded shares of IBEX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings downgraded shares of IBEX from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.00.
View Our Latest Stock Report on IBEX
IBEX Company Profile
(
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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