Sei Investments Co. Cuts Stock Position in IBEX Limited (NASDAQ:IBEX)

Sei Investments Co. decreased its position in IBEX Limited (NASDAQ:IBEX) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,191 shares of the company’s stock after selling 32,455 shares during the quarter. Sei Investments Co.’s holdings in IBEX were worth $1,895,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position 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. Sanctuary Advisors LLC acquired a new stake in IBEX in the fourth quarter valued at about $1,411,000. Jane Street Group LLC boosted its holdings in IBEX by 114.6% in the 3rd 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. Ritholtz Wealth Management increased its position in IBEX by 76.9% during the 4th 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. Finally, Barclays PLC grew its holdings in IBEX by 95.2% during the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after acquiring an additional 10,062 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Down 4.3 %

IBEX stock opened at $23.34 on Friday. The company’s 50 day simple moving average is $24.74 and its 200-day simple moving average is $21.73. The firm has a market capitalization of $307.90 million, a PE ratio of 10.96 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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, insider Bruce Neil Dawson sold 13,500 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.00, for a total transaction of $324,000.00. Following the completion of the sale, the insider now owns 5,607 shares in the company, valued at approximately $134,568. The trade was a 70.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the transaction, the chief executive officer now owns 213,633 shares in the company, valued at $5,605,729.92. The trade was a 18.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 172,213 shares of company stock valued at $4,414,121 in the last 90 days. 6.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.