American Century Companies Inc. Sells 261,834 Shares of IBEX Limited (NASDAQ:IBEX)

American Century Companies Inc. lowered its position in IBEX Limited (NASDAQ:IBEX - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 856,542 shares of the company's stock after selling 261,834 shares during the quarter. American Century Companies Inc. owned approximately 5.11% of IBEX worth $18,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBEX. JPMorgan Chase & Co. grew its stake in IBEX by 386.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after buying an additional 15,372 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of IBEX in the fourth quarter valued at about $1,411,000. Jane Street Group LLC grew its stake in shares of IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company's stock valued at $599,000 after acquiring an additional 15,999 shares in the last quarter. Ritholtz Wealth Management raised its stake in 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 purchasing an additional 14,279 shares in the last quarter. Finally, Barclays PLC boosted its holdings in IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares during the period. Institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their target price on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th.

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IBEX Price Performance

Shares of IBEX traded down $1.06 during midday trading on Friday, hitting $23.34. The company's stock had a trading volume of 124,103 shares, compared to its average volume of 111,847. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The stock has a market capitalization of $307.90 million, a price-to-earnings ratio of 10.96 and a beta of 0.75. The company's fifty day simple moving average is $24.74 and its two-hundred day simple moving average is $21.73.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (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%.

Insiders Place Their Bets

In other news, CEO Robert Thomas Dechant sold 3,008 shares of IBEX 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 transaction, the chief executive officer now owns 223,633 shares in the company, valued at approximately $5,031,742.50. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.50, for a total value of $333,900.00. Following the completion of the sale, the director now owns 89,912 shares of the company's stock, valued at $2,382,668. The trade was a 12.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,213 shares of company stock valued at $4,414,121 in the last 90 days. Corporate insiders own 6.72% of the company's stock.

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.