Hsbc Holdings PLC Buys 11,131 Shares of IBEX Limited (NASDAQ:IBEX)

Hsbc Holdings PLC boosted its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 69.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,260 shares of the company's stock after purchasing an additional 11,131 shares during the period. Hsbc Holdings PLC owned about 0.16% of IBEX worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in IBEX by 1,369.6% during the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock valued at $6,109,000 after purchasing an additional 264,947 shares during the period. Impact Capital Partners LLC bought a new stake in shares of IBEX during the 4th quarter worth about $4,829,000. Dimensional Fund Advisors LP raised its position in shares of IBEX by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after buying an additional 76,302 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of IBEX by 267.2% in the 4th quarter. Walleye Capital LLC now owns 102,220 shares of the company's stock worth $2,197,000 after acquiring an additional 74,380 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of IBEX in the fourth quarter valued at approximately $1,411,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

IBEX has been the subject of a number of research reports. Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target for the company. in a research note on Monday. Royal Bank of Canada lifted their price target on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th.

Insider Transactions at IBEX

In other news, insider Christina Al Trofimuk-O'connor sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total transaction of $191,325.00. Following the sale, the insider now directly owns 17,050 shares in the company, valued at approximately $434,945.50. The trade was a 30.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the transaction, the chief executive officer now directly owns 213,633 shares of the company's stock, valued at approximately $5,605,729.92. This trade represents a 18.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,785 shares of company stock worth $3,227,718 over the last three months. 6.72% of the stock is currently owned by insiders.

IBEX Stock Down 4.7%

Shares of IBEX traded down $1.43 during mid-day trading on Monday, hitting $29.12. 88,290 shares of the company's stock were exchanged, compared to its average volume of 125,863. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $384.15 million, a price-to-earnings ratio of 13.64 and a beta of 0.74. IBEX Limited has a twelve month low of $14.20 and a twelve month high of $32.08. The firm has a fifty day moving average of $24.52 and a two-hundred day moving average of $22.66.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

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.