Segall Bryant & Hamill LLC Has $1.61 Million Position in IBEX Limited (NASDAQ:IBEX)

Segall Bryant & Hamill LLC lifted its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 21.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,072 shares of the company's stock after purchasing an additional 11,661 shares during the period. Segall Bryant & Hamill LLC owned about 0.50% of IBEX worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in IBEX by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock valued at $11,716,000 after purchasing an additional 23,800 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in IBEX by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock valued at $10,969,000 after acquiring an additional 4,777 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in IBEX by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock valued at $7,009,000 after acquiring an additional 76,302 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of IBEX by 18.8% during the 4th quarter. Franklin Resources Inc. now owns 296,114 shares of the company's stock valued at $6,363,000 after buying an additional 46,849 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in IBEX by 1,369.6% during the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock worth $6,109,000 after purchasing an additional 264,947 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul Joseph Inson sold 3,690 shares of IBEX stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total transaction of $105,497.10. Following the sale, the insider directly owned 17,352 shares of the company's stock, valued at $496,093.68. This trade represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Thomas Dechant sold 4,376 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total transaction of $131,280.00. Following the transaction, the chief executive officer owned 193,633 shares of the company's stock, valued at approximately $5,808,990. This represents a 2.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,910 shares of company stock valued at $1,874,647 over the last quarter. Insiders own 6.72% of the company's stock.

IBEX Stock Up 1.1%

Shares of NASDAQ IBEX traded up $0.33 during mid-day trading on Wednesday, reaching $30.93. The company had a trading volume of 103,141 shares, compared to its average volume of 143,525. IBEX Limited has a twelve month low of $15.17 and a twelve month high of $32.08. The stock's 50 day moving average is $29.20 and its 200-day moving average is $25.94. The stock has a market capitalization of $413.53 million, a PE ratio of 13.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBEX shares. Baird R W cut shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Robert W. Baird lowered shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target on the stock. 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.