Boston Partners Purchases 32,842 Shares of IBEX Limited (NASDAQ:IBEX)

Boston Partners boosted its position in shares of IBEX Limited (NASDAQ:IBEX) by 16.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,913 shares of the company’s stock after buying an additional 32,842 shares during the quarter. Boston Partners owned approximately 1.41% of IBEX worth $5,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of IBEX by 386.9% during 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 bought a new position in IBEX during the 4th quarter valued at approximately $1,411,000. Jane Street Group LLC raised its position in IBEX by 114.6% during 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 during the last quarter. Barclays PLC lifted its holdings in IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after buying an additional 10,062 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of IBEX by 76.9% in the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock worth $706,000 after buying an additional 14,279 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Stock Performance

Shares of IBEX opened at $25.22 on Friday. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $27.83. 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 firm’s 50-day moving average price is $24.17 and its 200-day moving average price is $21.20. The firm has a market capitalization of $332.70 million, a price-to-earnings ratio of 11.84 and a beta of 0.75.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Insider Activity at IBEX

In other news, Director Shuja Keen sold 11,199 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $21.95, for a total transaction of $245,818.05. Following the sale, the director now owns 47,727 shares in the company, valued at approximately $1,047,607.65. The trade was a 19.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the completion of the sale, the chief executive officer now directly owns 226,841 shares in the company, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,412 shares of company stock worth $4,659,939 over the last ninety days. 6.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped 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.