IBEX Limited (NASDAQ:IBEX) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in IBEX Limited (NASDAQ:IBEX) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,046 shares of the company’s stock after purchasing an additional 1,410 shares during the period. Barclays PLC’s holdings in IBEX were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBEX. JPMorgan Chase & Co. increased its holdings in IBEX by 1,369.6% in the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock valued at $6,109,000 after buying an additional 264,947 shares in the last quarter. Impact Capital Partners LLC purchased a new position in IBEX in the 4th quarter valued at approximately $4,829,000. Sanctuary Advisors LLC acquired a new position in IBEX during the fourth quarter worth $1,411,000. Hillsdale Investment Management Inc. boosted its position in IBEX by 35.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 212,200 shares of the company’s stock worth $4,560,000 after purchasing an additional 55,900 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in IBEX in the fourth quarter valued at $1,169,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Transactions at IBEX

In other news, CEO Robert Thomas Dechant sold 49,931 shares of IBEX stock in a transaction dated 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 sale, the chief executive officer now directly owns 213,633 shares in the company, valued at $5,605,729.92. The trade was a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $24.43, for a total transaction of $307,818.00. Following the completion of the transaction, the director now directly owns 178,112 shares of the company’s stock, valued at approximately $4,351,276.16. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,446 shares of company stock valued at $3,537,061 over the last three months. 6.72% of the stock is currently owned by insiders.

IBEX Stock Up 19.1 %

Shares of NASDAQ IBEX opened at $30.55 on Friday. The firm’s 50-day moving average is $24.52 and its two-hundred day moving average is $22.59. The company has a market capitalization of $403.02 million, a PE ratio of 14.34 and a beta of 0.74. IBEX Limited has a 12-month low of $14.16 and a 12-month high of $32.08. 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 (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Wall Street Analyst Weigh In

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