Hsbc Holdings PLC Has $583,000 Stock Holdings in IBEX Limited (NASDAQ:IBEX)

Hsbc Holdings PLC grew its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 69.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 27,260 shares of the company's stock after buying an additional 11,131 shares during the period. Hsbc Holdings PLC owned approximately 0.16% of IBEX worth $583,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Royce & Associates LP raised its holdings in IBEX by 3.7% in the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company's stock valued at $11,787,000 after acquiring an additional 19,481 shares in the last quarter. Wellington Management Group LLP raised 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 purchasing an additional 23,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after purchasing an additional 76,302 shares during the period. Franklin Resources Inc. boosted its stake in IBEX by 18.8% during the fourth quarter. Franklin Resources Inc. now owns 296,114 shares of the company's stock worth $6,363,000 after buying an additional 46,849 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in IBEX by 1,369.6% in the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock valued at $6,109,000 after buying an additional 264,947 shares during the period. Institutional investors own 81.24% of the company's stock.

IBEX Price Performance

Shares of IBEX stock traded up $4.89 during midday trading on Friday, hitting $30.55. 758,959 shares of the company were exchanged, compared to its average volume of 125,692. The firm has a 50 day simple moving average of $24.52 and a 200-day simple moving average of $22.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $403.02 million, a P/E ratio of 14.34 and a beta of 0.74. IBEX Limited has a 52 week low of $14.16 and a 52 week high of $31.90.

IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Insider Activity

In other news, CEO Robert Thomas Dechant sold 49,931 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the sale, the chief executive officer now owns 213,633 shares in the company, valued at $5,605,729.92. The trade was a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christina Al Trofimuk-O'connor sold 7,500 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $25.51, for a total value of $191,325.00. Following the completion of the transaction, the insider now owns 17,050 shares in the company, valued at approximately $434,945.50. This represents a 30.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,446 shares of company stock worth $3,537,061. 6.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their target price on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th.

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.