Los Angeles Capital Management LLC Buys 14,883 Shares of IBEX Limited (NASDAQ:IBEX)

Los Angeles Capital Management LLC lifted its stake in shares of IBEX Limited (NASDAQ:IBEXFree Report) by 17.0% in the third quarter, Holdings Channel.com reports. The fund owned 102,204 shares of the company’s stock after acquiring an additional 14,883 shares during the quarter. Los Angeles Capital Management LLC’s holdings in IBEX were worth $1,579,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Anchor Capital Advisors LLC raised its position in shares of IBEX by 7.0% during the second quarter. Anchor Capital Advisors LLC now owns 28,281 shares of the company’s stock worth $600,000 after acquiring an additional 1,841 shares during the last quarter. Victory Capital Management Inc. bought a new stake in IBEX in the second quarter worth approximately $565,000. Trexquant Investment LP bought a new stake in IBEX in the second quarter worth approximately $340,000. Allspring Global Investments Holdings LLC increased its holdings in IBEX by 700.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 49,522 shares of the company’s stock worth $1,051,000 after purchasing an additional 43,335 shares in the last quarter. Finally, Boston Partners increased its holdings in IBEX by 34.4% in the second quarter. Boston Partners now owns 241,591 shares of the company’s stock worth $5,129,000 after purchasing an additional 61,864 shares in the last quarter. 35.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IBEX shares. Royal Bank of Canada lifted their target price on IBEX from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Friday, November 10th. TheStreet upgraded IBEX from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, Piper Sandler cut IBEX from an “overweight” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

View Our Latest Stock Analysis on IBEX

IBEX Stock Performance

Shares of IBEX stock opened at $18.57 on Wednesday. IBEX Limited has a 52 week low of $11.45 and a 52 week high of $31.40. The stock has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $17.85. The stock has a market capitalization of $333.13 million, a PE ratio of 13.86 and a beta of 0.69.

IBEX (NASDAQ:IBEXGet Free Report) last announced its earnings results on Thursday, November 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $124.61 million for the quarter, compared to analysts’ expectations of $123.65 million. IBEX had a return on equity of 24.61% and a net margin of 4.90%. Research analysts forecast that IBEX Limited will post 1.9 EPS for the current year.

IBEX Profile

(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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Institutional Ownership by Quarter for IBEX (NASDAQ:IBEX)

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