Key Points
- IBEX CEO Robert Dechant sold 5,000 shares for $250,050 at an average price of $50.01 under a pre-arranged Rule 10b5-1 plan; he retained 297,448 shares afterward.
- The CEO had also sold shares in September, and six insiders reported sales totaling about 31,200 shares, a cluster of transactions that could weigh on investor sentiment.
- IBEX’s latest quarterly results topped estimates, with EPS of $1.10 versus $0.90 expected and revenue of $175.23 million versus $169.31 million expected.
IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Dechant sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $50.01, for a total value of $250,050.00. Following the completion of the transaction, the chief executive officer owned 297,448 shares of the company's stock, valued at approximately $14,875,374.48. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Thomas Dechant also recently made the following trade(s):
- On Friday, September 25th, Robert Dechant sold 5,000 shares of IBEX stock. The stock was sold at an average price of $45.02, for a total value of $225,100.00.
- On Tuesday, September 15th, Robert Dechant sold 25,000 shares of IBEX stock. The shares were sold at an average price of $39.99, for a total transaction of $999,750.00.
IBEX Price Performance
IBEX stock opened at $52.23 on Wednesday. The stock has a market capitalization of $696.23 million, a price-to-earnings ratio of 15.83 and a beta of 0.74. The business's fifty day moving average price is $43.52 and its two-hundred day moving average price is $34.63. IBEX Limited has a fifty-two week low of $25.94 and a fifty-two week high of $52.29.
IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. IBEX had a return on equity of 29.10% and a net margin of 7.34%. The firm had revenue of $175.23 million for the quarter, compared to analyst estimates of $169.31 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its holdings in shares of IBEX by 55.2% during the 1st quarter. Lazard Asset Management LLC now owns 89,150 shares of the company's stock valued at $2,391,000 after purchasing an additional 31,697 shares during the last quarter. Globeflex Capital L P acquired a new position in IBEX during the 2nd quarter worth approximately $3,112,000. Tieton Capital Management LLC bought a new position in IBEX in the 2nd quarter valued at approximately $8,353,000. Watershed Asset Management L.L.C. bought a new position in IBEX in the 1st quarter valued at approximately $453,000. Finally, Dimensional Fund Advisors LP lifted its stake in IBEX by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company's stock valued at $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Institutional investors own 81.24% of the company's stock.
Key IBEX News
Here are the key news stories impacting IBEX this week:
- Positive Sentiment: IBEX CEO Bob Dechant and CFO Taylor Greenwald are scheduled to present at the RBC 2026 Global TIMT Conference on November 17. The event offers an opportunity to discuss the business and its outlook, though no new financial guidance was announced. Conference announcement
- Neutral Sentiment: A short-interest report lists zero shares sold short as of November 10, despite characterizing short interest as having increased. If the zero figure is accurate, it indicates little reported short positioning; the conflicting description makes the update difficult to interpret.
- Negative Sentiment: RBC raised its price target to $45 from $40 but maintained a “sector perform” rating. The new target is below the recent share price, implying potential downside and suggesting the analyst sees limited near-term upside at current levels.
- Negative Sentiment: Six IBEX insiders, including CEO Dechant, reported share sales totaling about 31,200 shares. Dechant’s 5,000-share transaction was made under a pre-arranged Rule 10b5-1 plan, and sellers retained shares after their trades; nonetheless, the cluster of sales could weigh on sentiment. CEO filing Insider filing Insider filing Insider filing Insider filing Director filing
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on IBEX shares. Weiss Ratings raised shares of IBEX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, October 12th. Robert W. Baird boosted their price objective on shares of IBEX from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, September 28th. Wall Street Zen upgraded IBEX from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Royal Bank Of Canada raised their target price on IBEX from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $44.50.
Get Our Latest Report on IBEX
IBEX Company Profile
(
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IBEX Limited (NASDAQ: IBEX) is a business process outsourcing and customer experience technology company. It provides customer service, technical support, sales, back-office processing and other digital services for businesses across industries, including communications, healthcare, retail, logistics and financial services. The company combines customer contact centers, digital engagement channels, analytics and artificial intelligence-enabled tools to help clients manage customer interactions and improve operational efficiency.
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