EP Wealth Advisors LLC Purchases New Position in IBEX Limited $IBEX

Key Points

• EP Wealth Advisors LLC has acquired 8,910 shares of IBEX Limited, valued at approximately $217,000, and now holds about 0.07% of the company's stock.
• Following significant transactions, insiders have sold a total of 70,220 shares of IBEX stock worth over $2 million, resulting in decreased ownership percentages for those involved.
• As of the most recent data, IBEX Limited's market capitalization stands at $392.14 million, with a price-to-earnings ratio of 12.81 and a 1-year stock price range between $16.38 and $32.08.

EP Wealth Advisors LLC purchased a new position in IBEX Limited (NASDAQ:IBEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,910 shares of the company's stock, valued at approximately $217,000. EP Wealth Advisors LLC owned about 0.07% of IBEX at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after purchasing an additional 1,401 shares during the last quarter. US Bancorp DE purchased a new position in shares of IBEX in the first quarter worth $41,000. Deutsche Bank AG purchased a new position in shares of IBEX in the fourth quarter worth $46,000. CWM LLC raised its stake in shares of IBEX by 392.7% in the first quarter. CWM LLC now owns 2,853 shares of the company's stock worth $69,000 after purchasing an additional 2,274 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of IBEX in the fourth quarter worth $119,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Insider Transactions at IBEX

In other news, insider Paul Joseph Inson sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the insider owned 7,352 shares of the company's stock, valued at $220,560. This represents a 57.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Thomas Dechant sold 4,376 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total value of $131,280.00. Following the completion of the transaction, the chief executive officer directly owned 193,633 shares of the company's stock, valued at approximately $5,808,990. This trade represents a 2.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,000 shares of company stock valued at $450,000. Corporate insiders own 6.72% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lifted their price objective on IBEX from $31.00 to $39.00 and gave the stock a "sector perform" rating in a report on Friday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $34.50.

IBEX Price Performance

Shares of NASDAQ IBEX traded down $2.90 during mid-day trading on Monday, reaching $38.68. The company's stock had a trading volume of 146,519 shares, compared to its average volume of 166,492. The firm has a market capitalization of $514.83 million, a PE ratio of 16.21 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a fifty day moving average of $29.68 and a two-hundred day moving average of $27.53. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99.

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.