Renaissance Technologies LLC Has $453,000 Stake in IBEX Limited (NASDAQ:IBEX)

Renaissance Technologies LLC lowered its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,100 shares of the company's stock after selling 24,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of IBEX worth $453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company's stock valued at $599,000 after purchasing an additional 15,999 shares in the last quarter. Barclays PLC lifted its stake in shares of IBEX by 95.2% during the third quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after acquiring an additional 10,062 shares during the period. Virtu Financial LLC bought a new position in IBEX in the third quarter valued at about $380,000. JPMorgan Chase & Co. boosted its holdings in IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after acquiring an additional 15,372 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in IBEX by 76.9% in the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock worth $706,000 after purchasing an additional 14,279 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Christina Al Trofimuk-O'connor sold 7,500 shares of IBEX stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $25.51, for a total value of $191,325.00. Following the sale, the insider now directly owns 17,050 shares in the company, valued at $434,945.50. This trade represents a 30.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.74, for a total transaction of $324,324.00. Following the transaction, the director now owns 152,912 shares of the company's stock, valued at $3,935,954.88. The trade was a 7.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,446 shares of company stock worth $3,537,061 over the last ninety days. 6.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

IBEX Trading Up 16.8 %

NASDAQ:IBEX traded up $4.31 during mid-day trading on Friday, hitting $29.97. The company had a trading volume of 279,708 shares, compared to its average volume of 123,491. The firm has a market cap of $395.36 million, a P/E ratio of 14.07 and a beta of 0.74. IBEX Limited has a fifty-two week low of $13.61 and a fifty-two week high of $31.27. The business's fifty day moving average is $24.40 and its two-hundred day moving average is $22.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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%.

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.