IBEX Limited (NASDAQ:IBEX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 26.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,580 shares of the company’s stock after selling 26,624 shares during the period. Los Angeles Capital Management LLC’s holdings in IBEX were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of IBEX by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock worth $404,000 after acquiring an additional 748 shares during the last quarter. Victory Capital Management Inc. increased its stake in IBEX by 30.7% in the 3rd quarter. Victory Capital Management Inc. now owns 34,750 shares of the company’s stock worth $537,000 after purchasing an additional 8,159 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in IBEX during the 3rd quarter worth about $263,000. Barclays PLC lifted its stake in IBEX by 15.9% during the third quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after buying an additional 1,363 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of IBEX by 126.4% in the third quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock worth $70,000 after buying an additional 2,546 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Transactions at IBEX

In other IBEX news, insider Jeffrey Hays Cox sold 9,383 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $16.05, for a total value of $150,597.15. Following the completion of the transaction, the insider now owns 385,251 shares of the company’s stock, valued at approximately $6,183,278.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.80% of the company’s stock.

IBEX Stock Up 2.6 %

Shares of IBEX opened at $14.12 on Wednesday. IBEX Limited has a 12 month low of $11.45 and a 12 month high of $23.49. The company’s fifty day moving average is $14.54 and its 200-day moving average is $16.39. The firm has a market cap of $248.09 million, a price-to-earnings ratio of 8.99 and a beta of 0.68.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $132.63 million for the quarter, compared to analyst estimates of $137.38 million. IBEX had a net margin of 5.79% and a return on equity of 20.10%.

Wall Street Analysts Forecast Growth

IBEX has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 19th. TheStreet downgraded IBEX from a “b-” rating to a “c+” rating in a research note on Wednesday, March 6th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price on shares of IBEX in a research note on Friday, February 9th. Finally, Truist Financial decreased their price target on shares of IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.20.

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.