Arrowstreet Capital Limited Partnership Raises Holdings in IBEX Limited (NASDAQ:IBEX)

Arrowstreet Capital Limited Partnership lifted its holdings in IBEX Limited (NASDAQ:IBEX) by 174.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,422 shares of the company’s stock after purchasing an additional 30,792 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in IBEX were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after buying an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new position in shares of IBEX during the fourth quarter valued at approximately $48,000. Quantbot Technologies LP lifted its position in IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after purchasing an additional 2,311 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in IBEX in the third quarter worth approximately $68,000. Finally, SG Americas Securities LLC bought a new stake in IBEX in the 4th quarter worth approximately $116,000. 81.24% of the stock is owned by institutional investors.

IBEX Stock Performance

IBEX opened at $23.30 on Friday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83. The company has a market cap of $307.37 million, a price-to-earnings ratio of 10.94 and a beta of 0.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $24.86 and its 200 day moving average is $21.86.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data 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 net margin of 7.08% and a return on equity of 25.29%.

Analysts Set New Price Targets

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

Insider Buying and Selling at IBEX

In other news, Director Mohammedulla Khaishgi sold 4,626 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $22.50, for a total value of $104,085.00. Following the completion of the sale, the director now directly owns 216,718 shares of the company’s stock, valued at $4,876,155. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert Thomas Dechant sold 3,008 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $22.50, for a total transaction of $67,680.00. Following the sale, the chief executive officer now owns 223,633 shares in the company, valued at $5,031,742.50. The trade was a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,213 shares of company stock valued at $4,414,121. Company insiders own 6.72% of the company’s stock.

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.