Dimensional Fund Advisors LP Buys 76,302 Shares of IBEX Limited (NASDAQ:IBEX)

Dimensional Fund Advisors LP grew its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,141 shares of the company's stock after acquiring an additional 76,302 shares during the quarter. Dimensional Fund Advisors LP owned about 1.95% of IBEX worth $7,009,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IBEX. Russell Investments Group Ltd. boosted its position in IBEX by 8,785.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after purchasing an additional 1,845 shares during the last quarter. R Squared Ltd bought a new position in shares of IBEX in the 4th quarter worth approximately $48,000. Quantbot Technologies LP lifted its stake in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after purchasing an additional 2,311 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of IBEX by 24.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock worth $108,000 after buying an additional 990 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in IBEX during the fourth quarter valued at approximately $116,000. 81.24% of the stock is currently owned by institutional investors.

Insider Activity

In other IBEX news, CEO Robert Thomas Dechant sold 49,931 shares of IBEX stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the sale, the chief executive officer now owns 213,633 shares of the company's stock, valued at $5,605,729.92. The trade was a 18.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.50, for a total value of $333,900.00. Following the transaction, the director now owns 89,912 shares of the company's stock, valued at $2,382,668. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,131 shares of company stock worth $1,983,785 over the last quarter. Insiders own 6.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBEX shares. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada boosted their price target on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Robert W. Baird cut shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Monday.

IBEX Price Performance

IBEX stock traded up $0.12 during trading on Friday, reaching $28.43. The company's stock had a trading volume of 29,414 shares, compared to its average volume of 127,865. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The company's fifty day moving average is $24.77 and its 200-day moving average is $22.87. The company has a market capitalization of $374.98 million, a P/E ratio of 13.35 and a beta of 0.74. IBEX Limited has a 1 year low of $14.89 and a 1 year high of $32.08.

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.