XTX Topco Ltd Purchases New Holdings in IBEX Limited (NASDAQ:IBEX)

XTX Topco Ltd bought a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,568 shares of the company's stock, valued at approximately $292,000. XTX Topco Ltd owned approximately 0.08% of IBEX at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in shares of IBEX by 3.7% in the fourth quarter. Royce & Associates LP now owns 548,481 shares of the company's stock valued at $11,787,000 after buying an additional 19,481 shares during the period. Wellington Management Group LLP boosted its position in shares of IBEX by 4.6% during the 4th 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. Franklin Resources Inc. boosted its position in shares of IBEX by 18.8% during the 4th quarter. Franklin Resources Inc. now owns 296,114 shares of the company's stock valued at $6,363,000 after purchasing an additional 46,849 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. Finally, Boston Partners boosted its position in shares of IBEX by 16.1% during the 4th quarter. Boston Partners now owns 236,913 shares of the company's stock valued at $5,091,000 after purchasing an additional 32,842 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

IBEX Stock Up 2.2 %

NASDAQ:IBEX traded up $0.55 on Wednesday, hitting $25.04. The stock had a trading volume of 156,282 shares, compared to its average volume of 118,659. The business's fifty day moving average is $24.40 and its 200 day moving average is $22.24. The company has a market cap of $330.33 million, a PE ratio of 11.76 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52 week low of $13.13 and a 52 week high of $27.83.

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, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Robert Thomas Dechant sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $27.56, for a total value of $137,800.00. Following the transaction, the chief executive officer now owns 213,633 shares in the company, valued at $5,887,725.48. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the transaction, the insider now owns 5,607 shares in the company, valued at $134,568. This represents a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,567 shares of company stock worth $4,152,086 over the last 90 days. 6.72% of the stock is currently owned by corporate insiders.

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.