State of Tennessee Department of Treasury Buys New Holdings in IBEX Limited (NASDAQ:IBEX)

State of Tennessee Department of Treasury purchased a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,293 shares of the company's stock, valued at approximately $221,000. State of Tennessee Department of Treasury owned approximately 0.06% of IBEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in IBEX. JPMorgan Chase & Co. raised its position in shares of IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after buying an additional 15,372 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of IBEX in the fourth quarter valued at about $1,411,000. Ritholtz Wealth Management raised its position in shares of IBEX by 76.9% in the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock valued at $706,000 after buying an additional 14,279 shares during the last quarter. Barclays PLC raised its position in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after buying an additional 10,062 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of IBEX in the fourth quarter valued at about $116,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Trading Up 19.1%

IBEX stock traded up $4.89 during midday trading on Friday, hitting $30.55. 758,959 shares of the stock were exchanged, compared to its average volume of 125,991. IBEX Limited has a fifty-two week low of $14.20 and a fifty-two week high of $32.08. The stock has a market capitalization of $403.02 million, a price-to-earnings ratio of 14.34 and a beta of 0.74. The stock's 50-day simple moving average is $24.52 and its 200 day simple moving average is $22.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Insiders Place Their Bets

In other IBEX news, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.43, for a total transaction of $307,818.00. Following the completion of the transaction, the director now owns 178,112 shares of the company's stock, valued at $4,351,276.16. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.56, for a total transaction of $137,800.00. Following the transaction, the chief executive officer now directly owns 213,633 shares of the company's stock, valued at approximately $5,887,725.48. This trade represents a 2.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,446 shares of company stock valued at $3,537,061 over the last 90 days. 6.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their target price on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.