Sei Investments Co. Has $1.90 Million Stock Position in IBEX Limited (NASDAQ:IBEX)

Sei Investments Co. trimmed its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,191 shares of the company's stock after selling 32,455 shares during the quarter. Sei Investments Co. owned approximately 0.53% of IBEX worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IBEX. Royce & Associates LP grew its position in IBEX by 3.7% during the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company's stock worth $11,787,000 after acquiring an additional 19,481 shares during the last quarter. Boston Partners boosted its stake in IBEX by 16.1% in the fourth quarter. Boston Partners now owns 236,913 shares of the company's stock worth $5,091,000 after purchasing an additional 32,842 shares in the last quarter. Impact Capital Partners LLC bought a new stake in shares of IBEX during the fourth quarter worth $4,829,000. State Street Corp increased its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company's stock valued at $3,617,000 after buying an additional 2,105 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of IBEX by 20.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company's stock valued at $1,701,000 after buying an additional 14,411 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Insiders Place Their Bets

In related news, Director Mohammedulla Khaishgi sold 10,000 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $22.55, for a total value of $225,500.00. Following the completion of the sale, the director now owns 70,293 shares in the company, valued at approximately $1,585,107.15. This represents a 12.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 1,792 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was 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 in the company, valued at approximately $5,103,922.50. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 172,213 shares of company stock valued at $4,414,121. 6.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective 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.

IBEX Trading Down 0.6 %

IBEX stock traded down $0.13 during trading on Thursday, hitting $23.13. The company had a trading volume of 182,756 shares, compared to its average volume of 114,276. The firm has a 50-day moving average price of $24.83 and a 200-day moving average price of $21.84. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $305.13 million, a price-to-earnings ratio of 10.86 and a beta of 0.75.

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

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.