Wellington Management Group LLP Has $11.72 Million Stock Position in IBEX Limited (NASDAQ:IBEX)

Wellington Management Group LLP grew its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 545,175 shares of the company's stock after acquiring an additional 23,800 shares during the quarter. Wellington Management Group LLP owned about 3.25% of IBEX worth $11,716,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IBEX. FMR LLC grew its position in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. R Squared Ltd bought a new position in IBEX in the 4th quarter worth approximately $48,000. Quantbot Technologies LP increased its position in IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after acquiring an additional 2,311 shares during the period. Public Employees Retirement System of Ohio bought a new stake in IBEX during the 3rd quarter valued at $68,000. Finally, SG Americas Securities LLC bought a new position in shares of IBEX in the fourth quarter worth $116,000. Institutional investors own 81.24% of the company's stock.

IBEX Price Performance

NASDAQ IBEX traded up $0.56 on Tuesday, reaching $23.96. 29,744 shares of the stock traded hands, compared to its average volume of 114,609. 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 firm's fifty day simple moving average is $24.88 and its 200 day simple moving average is $21.90. The company has a market cap of $316.01 million, a price-to-earnings ratio of 11.21 and a beta of 0.75.

IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping 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%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped 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.

Insider Buying and Selling

In related news, CEO Robert Thomas Dechant sold 1,792 shares of IBEX stock in a transaction on 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 directly owns 226,841 shares in the company, valued at $5,103,922.50. The trade was a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the sale, the insider now directly owns 5,607 shares of the company's stock, valued at approximately $134,568. This represents a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,213 shares of company stock worth $4,414,121. Corporate insiders own 6.72% of the company's stock.

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.