Wells Fargo & Company MN Buys 990 Shares of IBEX Limited (NASDAQ:IBEX)

Wells Fargo & Company MN grew its stake in shares of IBEX Limited (NASDAQ:IBEX) by 24.5% in the fourth quarter, Holdings Channel reports. The fund owned 5,024 shares of the company’s stock after acquiring an additional 990 shares during the quarter. Wells Fargo & Company MN’s holdings in IBEX were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBEX. R Squared Ltd purchased a new stake in shares of IBEX during the 4th quarter valued at approximately $48,000. Quantbot Technologies LP raised its position in shares of IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after buying an additional 2,311 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of IBEX during the 4th quarter valued at $116,000. Integrated Quantitative Investments LLC bought a new stake in IBEX in the 4th quarter worth $231,000. Finally, New York State Common Retirement Fund grew its holdings in IBEX by 146.5% in the 4th quarter. New York State Common Retirement Fund now owns 11,777 shares of the company’s stock worth $253,000 after acquiring an additional 7,000 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

IBEX Stock Performance

Shares of NASDAQ IBEX opened at $30.55 on Monday. The firm has a fifty day moving average price of $24.52 and a 200-day moving average price of $22.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $403.02 million, a PE ratio of 14.34 and a beta of 0.74. IBEX Limited has a 1 year low of $14.20 and a 1 year high of $32.08.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.51 EPS 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 Buying and Selling at IBEX

In related news, insider Christina Al Trofimuk-O’connor sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $25.51, for a total value of $191,325.00. Following the transaction, the insider now owns 17,050 shares of the company’s stock, valued at $434,945.50. This trade represents a 30.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.74, for a total transaction of $324,324.00. Following the transaction, the director now directly owns 152,912 shares in the company, valued at $3,935,954.88. This trade represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,785 shares of company stock worth $3,227,718 over the last 90 days. 6.72% of the stock is owned by insiders.

Analyst Ratings Changes

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

About IBEX

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.