Jacobs Levy Equity Management Inc. trimmed its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,228 shares of the company's stock after selling 17,921 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.40% of IBEX worth $1,445,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in IBEX by 386.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock worth $387,000 after purchasing an additional 15,372 shares during the period. Sanctuary Advisors LLC acquired a new position in IBEX in the 4th quarter valued at about $1,411,000. Ritholtz Wealth Management lifted its position in IBEX by 76.9% during the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock worth $706,000 after acquiring an additional 14,279 shares during the period. Barclays PLC increased its holdings in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of IBEX during the fourth quarter worth $116,000. Hedge funds and other institutional investors own 81.24% of the company's stock.
IBEX Price Performance
Shares of IBEX stock traded up $0.14 during trading hours on Tuesday, hitting $28.77. The company's stock had a trading volume of 144,939 shares, compared to its average volume of 129,266. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $24.95 and a 200-day moving average of $23.08. IBEX Limited has a twelve month low of $15.15 and a twelve month high of $32.08. The stock has a market cap of $379.53 million, a price-to-earnings ratio of 13.51 and a beta of 0.74.
Analyst Ratings Changes
A number of equities analysts have commented on IBEX shares. Robert W. Baird downgraded shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research report on Monday, May 12th. Royal Bank of Canada lifted their price target 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. Finally, Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.
Read Our Latest Analysis on IBEX
Insider Activity at IBEX
In other IBEX news, insider Bruce Neil Dawson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total transaction of $244,800.00. Following the transaction, the insider now owns 5,607 shares of the company's stock, valued at $137,259.36. This trade represents a 64.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Thomas Dechant sold 49,931 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 213,633 shares of the company's stock, valued at $5,605,729.92. This represents a 18.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,531 shares of company stock valued at $1,888,889. 6.72% of the stock is owned by insiders.
About IBEX
(
Free Report)
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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