Commonwealth Equity Services LLC Invests $563,000 in IBEX Limited (NASDAQ:IBEX)

Commonwealth Equity Services LLC bought a new position in shares of IBEX Limited (NASDAQ:IBEX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 26,218 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBEX. Impact Capital Partners LLC acquired a new position in IBEX during the fourth quarter valued at approximately $4,829,000. State Street Corp lifted its holdings in shares of IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after acquiring an additional 2,105 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after acquiring an additional 14,411 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in IBEX during the 4th quarter worth $1,411,000. Finally, Victory Capital Management Inc. increased its holdings in IBEX by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock valued at $1,321,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Stock Down 4.3 %

Shares of NASDAQ:IBEX opened at $23.34 on Friday. The company has a market capitalization of $307.90 million, a price-to-earnings ratio of 10.96 and a beta of 0.75. The company has a 50 day moving average of $24.74 and a two-hundred day moving average of $21.71. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83. 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 (NASDAQ:IBEX) last announced its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share 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%.

Insider Activity

In other news, CEO Robert Thomas Dechant sold 1,792 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the completion of the transaction, the chief executive officer now directly owns 226,841 shares in the company, valued at approximately $5,103,922.50. This represents a 0.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mohammedulla Khaishgi sold 4,626 shares of IBEX stock in a transaction on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the completion of the sale, the director now owns 216,718 shares of the company’s stock, valued at approximately $4,876,155. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,213 shares of company stock worth $4,414,121 over the last ninety days. Corporate insiders own 6.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th.

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.