State of Wyoming Has $427,000 Holdings in IBEX Limited $IBEX

Key Points

• The State of Wyoming increased its holdings in IBEX Limited by 215.5% to 17,518 shares, valued at $427,000, according to its latest SEC filing.
• Multiple institutional investors, including Wellington Management and Two Sigma Advisers, significantly increased their stakes in IBEX during the fourth quarter.
• IBEX stock opened at $29.53 and has a market capitalization of $394.82 million, with an analyst consensus rating of “Hold” and an average price target of $27.00.

State of Wyoming boosted its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 215.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,518 shares of the company's stock after purchasing an additional 11,966 shares during the period. State of Wyoming owned about 0.13% of IBEX worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of IBEX by 4.6% in the fourth 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. lifted 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 acquiring an additional 4,777 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in IBEX by 30.5% in the fourth 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. Two Sigma Advisers LP grew its position in shares of IBEX by 97.7% in the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock valued at $3,131,000 after acquiring an additional 72,000 shares during the period. Finally, Trexquant Investment LP grew its position in shares of IBEX by 51.1% in the 1st quarter. Trexquant Investment LP now owns 122,633 shares of the company's stock valued at $2,986,000 after acquiring an additional 41,476 shares during the period. 81.24% of the stock is owned by institutional investors.

IBEX Stock Performance

Shares of IBEX stock opened at $29.53 on Friday. IBEX Limited has a 12-month low of $16.35 and a 12-month high of $32.08. The company has a market capitalization of $394.82 million, a PE ratio of 12.90 and a beta of 0.77. The firm has a 50 day moving average price of $29.38 and a two-hundred day moving average price of $27.22. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01.

Insider Transactions at IBEX

In related news, Director Mohammedulla Khaishgi sold 35,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the sale, the director owned 42,312 shares of the company's stock, valued at $1,254,973.92. This represents a 45.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Joseph Inson sold 10,000 shares of IBEX stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at approximately $220,560. The trade was a 57.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,220 shares of company stock valued at $2,069,150. 6.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IBEX shares. Robert W. Baird cut IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target for the company. in a report on Monday, May 12th. Baird R W cut IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Three investment 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 price target of $27.00.

IBEX Company 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.

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