EP Wealth Advisors LLC Takes 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 bought a new position in IBEX Limited (NASDAQ:IBEX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in IBEX by 19.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company's stock worth $995,000 after acquiring an additional 6,526 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in IBEX by 4.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,542 shares during the last quarter. Voya Investment Management LLC bought a new stake in IBEX in the 4th quarter valued at $205,000. Cubist Systematic Strategies LLC increased its holdings in IBEX by 132.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company's stock valued at $2,217,000 after acquiring an additional 51,886 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in IBEX by 206.9% in the 4th quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock valued at $855,000 after acquiring an additional 26,822 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Insider Transactions at IBEX

In related news, CEO Robert Thomas Dechant sold 1,634 shares of IBEX stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $29.13, for a total transaction of $47,598.42. Following the completion of the sale, the chief executive officer owned 191,999 shares in the company, valued at $5,592,930.87. This trade represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Joseph Inson sold 3,831 shares of IBEX stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $38.94, for a total transaction of $149,179.14. Following the sale, the insider owned 3,266 shares of the company's stock, valued at $127,178.04. The trade was a 53.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,572 shares of company stock valued at $708,154 in the last quarter. 6.72% of the stock is currently owned by company insiders.

IBEX Trading Down 6.6%

IBEX traded down $2.73 on Monday, reaching $38.85. 539,367 shares of the company traded hands, compared to its average volume of 162,503. IBEX Limited has a one year low of $17.53 and a one year high of $42.99. The firm has a fifty day simple moving average of $29.84 and a two-hundred day simple moving average of $27.63. The company has a market cap of $517.09 million, a P/E ratio of 16.26 and a beta of 0.77. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

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

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.