Royce & Associates LP Boosts Holdings in IBEX Limited (NASDAQ:IBEX)

Royce & Associates LP grew its position in IBEX Limited (NASDAQ:IBEX) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 548,481 shares of the company’s stock after purchasing an additional 19,481 shares during the quarter. Royce & Associates LP owned about 3.27% of IBEX worth $11,787,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. FMR LLC grew its stake in IBEX by 314.5% during 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 stake in shares of IBEX during the fourth quarter worth about $48,000. Public Employees Retirement System of Ohio acquired a new position in shares of IBEX during the third quarter valued at about $68,000. SG Americas Securities LLC purchased a new position in shares of IBEX in the 4th quarter valued at approximately $116,000. Finally, Meeder Asset Management Inc. boosted its stake in IBEX by 359.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after purchasing an additional 8,433 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price target 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.

IBEX Stock Up 1.8 %

IBEX stock opened at $25.31 on Tuesday. The business’s 50-day simple moving average is $23.86 and its two-hundred day simple moving average is $21.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $333.89 million, a PE ratio of 11.88 and a beta of 0.75. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping 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

In related news, Director Shuja Keen sold 11,199 shares of IBEX stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $21.95, for a total transaction of $245,818.05. Following the completion of the transaction, the director now directly owns 47,727 shares in the company, valued at approximately $1,047,607.65. This trade represents a 19.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Neil Dawson sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.00, for a total value 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. This represents a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,412 shares of company stock valued at $4,659,939 over the last 90 days. 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.