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

Boston Partners boosted its holdings in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,913 shares of the company's stock after purchasing an additional 32,842 shares during the quarter. Boston Partners owned about 1.41% of IBEX worth $5,091,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of IBEX by 314.5% during 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 during the last quarter. R Squared Ltd purchased a new position in IBEX during the fourth quarter valued at $48,000. Public Employees Retirement System of Ohio bought a new stake in IBEX in the 3rd quarter valued at $68,000. SG Americas Securities LLC bought a new stake in IBEX in the 4th quarter valued at $116,000. Finally, New York State Common Retirement Fund lifted its stake in IBEX by 146.5% in the 4th quarter. New York State Common Retirement Fund now owns 11,777 shares of the company's stock worth $253,000 after purchasing an additional 7,000 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Price Performance

Shares of IBEX stock traded down $0.37 on Wednesday, reaching $25.27. The company's stock had a trading volume of 169,394 shares, compared to its average volume of 108,143. The company has a market capitalization of $333.36 million, a price-to-earnings ratio of 11.86 and a beta of 0.75. The stock's fifty day simple moving average is $24.34 and its 200-day simple moving average is $21.37. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83.

Remove Ads

IBEX (NASDAQ:IBEX - Get Free Report) last issued 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 net margin of 7.08% and a return on equity of 25.29%.

Insiders Place Their Bets

In other news, Director Mohammedulla Khaishgi sold 4,626 shares of the firm's stock in a transaction dated 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 owns 216,718 shares in the company, valued at approximately $4,876,155. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total value of $40,320.00. Following the transaction, the chief executive officer now owns 226,841 shares of the company's stock, valued at $5,103,922.50. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,412 shares of company stock valued at $4,659,939 over the last ninety days. 6.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.