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

Arrowstreet Capital Limited Partnership increased its holdings in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 174.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,422 shares of the company's stock after acquiring an additional 30,792 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.29% of IBEX worth $1,041,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company's stock valued at $43,000 after buying an additional 1,623 shares in the last quarter. Janus Henderson Group PLC increased its holdings in IBEX by 11.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company's stock worth $347,000 after acquiring an additional 1,842 shares in the last quarter. State Street Corp raised its position in IBEX by 1.2% during the third quarter. State Street Corp now owns 181,035 shares of the company's stock worth $3,617,000 after acquiring an additional 2,105 shares during the period. Jane Street Group LLC grew its position 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 purchasing an additional 15,999 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the third quarter worth about $68,000. Institutional investors and hedge funds own 81.24% of the company's stock.

IBEX Price Performance

NASDAQ IBEX traded down $0.19 during trading hours on Thursday, hitting $23.27. 10,255 shares of the company's stock traded hands, compared to its average volume of 114,875. 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 firm's 50-day moving average is $24.89 and its 200-day moving average is $21.92. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83. The company has a market capitalization of $306.98 million, a PE ratio of 10.92 and a beta of 0.75.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at IBEX

In other IBEX news, Director Mohammedulla Khaishgi sold 4,626 shares of IBEX stock in a transaction on Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $104,085.00. Following the sale, the director now owns 216,718 shares in the company, valued at $4,876,155. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 49,931 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the transaction, the chief executive officer now directly owns 213,633 shares in the company, valued at approximately $5,605,729.92. This trade represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,213 shares of company stock worth $4,414,121 in the last quarter. 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.