BNP Paribas Financial Markets Takes Position in IBEX Limited (NASDAQ:IBEX)

BNP Paribas Financial Markets purchased a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 38,370 shares of the company's stock, valued at approximately $825,000. BNP Paribas Financial Markets owned 0.23% of IBEX at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IBEX. Royce & Associates LP lifted its holdings in shares of IBEX by 3.7% during the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company's stock valued at $11,787,000 after purchasing an additional 19,481 shares during the last quarter. Wellington Management Group LLP increased its position in IBEX by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock valued at $11,716,000 after buying an additional 23,800 shares in the last quarter. Ameriprise Financial Inc. raised its stake in IBEX by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock valued at $10,969,000 after buying an additional 4,777 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after acquiring an additional 76,302 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of IBEX by 18.8% during the fourth quarter. Franklin Resources Inc. now owns 296,114 shares of the company's stock worth $6,363,000 after acquiring an additional 46,849 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

IBEX Stock Performance

Shares of IBEX traded down $0.25 during mid-day trading on Tuesday, reaching $28.35. The company had a trading volume of 123,654 shares, compared to its average volume of 130,946. The stock has a market capitalization of $379.10 million, a P/E ratio of 13.31 and a beta of 0.74. IBEX Limited has a 52-week low of $15.15 and a 52-week high of $32.08. The stock has a 50 day moving average of $25.38 and a two-hundred day moving average of $23.45. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01.

Insider Transactions at IBEX

In related news, insider Bruce Neil Dawson sold 10,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total transaction of $244,800.00. Following the sale, the insider now directly owns 5,607 shares of the company's stock, valued at approximately $137,259.36. This represents a 64.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the sale, the chief executive officer now owns 213,633 shares in the company, valued at approximately $5,605,729.92. This represents a 18.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.72% of the company's stock.

Wall Street Analysts Forecast Growth

IBEX has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their target price on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Robert W. Baird lowered shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research note on Monday, May 12th. Finally, Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

IBEX Profile

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.