Janney Montgomery Scott LLC Buys Shares of 15,862 IBEX Limited $IBEX

Key Points

• Janney Montgomery Scott LLC purchased 15,862 shares of IBEX Limited, valued at approximately $462,000, during the second quarter, now owning 0.12% of the company.
• Institutional investors collectively own 81.24% of IBEX's stock, with significant recent purchases from firms like Acadian Asset Management and AQR Capital Management.
• IBEX's stock has seen a trading price fluctuation, with a current price of $36.23 and analyst ratings predominantly indicating a "Hold" status with a target price averaging $34.50.

Janney Montgomery Scott LLC bought a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,862 shares of the company's stock, valued at approximately $462,000. Janney Montgomery Scott LLC owned 0.12% of IBEX as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company's stock valued at $10,011,000 after purchasing an additional 225,380 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in IBEX during the first quarter valued at $3,591,000. AQR Capital Management LLC lifted its position in IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company's stock valued at $3,407,000 after purchasing an additional 105,997 shares in the last quarter. Nuveen LLC purchased a new position in IBEX during the first quarter valued at $2,279,000. Finally, Essex Investment Management Co. LLC purchased a new position in IBEX during the first quarter valued at $1,374,000. Institutional investors own 81.24% of the company's stock.

IBEX Trading Down 0.8%

Shares of IBEX stock opened at $36.23 on Friday. IBEX Limited has a 12-month low of $17.53 and a 12-month high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average price is $34.44 and its 200-day moving average price is $29.93. The stock has a market capitalization of $482.22 million, a price-to-earnings ratio of 15.16 and a beta of 0.83.

Wall Street Analyst Weigh In

IBEX has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on IBEX from $31.00 to $39.00 and gave the company a "sector perform" rating in a research report on Friday, September 12th. Weiss Ratings reiterated a "hold (c+)" rating on shares of IBEX in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $34.50.

Insider Activity at IBEX

In other news, insider Julie K. Casteel sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. Following the transaction, the insider owned 25,895 shares of the company's stock, valued at approximately $1,009,905. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Taylor C. Greenwald sold 2,295 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $40.73, for a total value of $93,475.35. Following the transaction, the chief financial officer directly owned 33,561 shares in the company, valued at approximately $1,366,939.53. This represents a 6.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,315 shares of company stock valued at $3,036,165 over the last ninety days. 6.72% of the stock is currently owned by company insiders.

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.

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