Wellington Management Group LLP Sells 23,000 Shares of IBEX Limited (NASDAQ:IBEX)

Wellington Management Group LLP reduced its stake in IBEX Limited (NASDAQ:IBEX) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 696,196 shares of the company’s stock after selling 23,000 shares during the quarter. Wellington Management Group LLP owned about 3.96% of IBEX worth $13,235,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC raised its holdings in IBEX by 15.9% in the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after acquiring an additional 1,363 shares during the period. Trexquant Investment LP raised its holdings in IBEX by 13.0% in the 3rd quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock valued at $280,000 after acquiring an additional 2,085 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in IBEX by 6.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock valued at $632,000 after acquiring an additional 2,621 shares during the period. Victory Capital Management Inc. raised its holdings in IBEX by 10.8% in the 4th quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock valued at $732,000 after acquiring an additional 3,750 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of IBEX by 33.7% during the fourth quarter. Panagora Asset Management Inc. now owns 47,478 shares of the company’s stock worth $903,000 after purchasing an additional 11,978 shares during the period. 81.24% of the stock is owned by institutional investors.

IBEX Stock Performance

NASDAQ IBEX opened at $15.91 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $273.81 million, a price-to-earnings ratio of 10.40 and a beta of 0.73. The firm’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $15.92. IBEX Limited has a 1 year low of $11.45 and a 1 year high of $21.95.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. The business had revenue of $126.80 million for the quarter. IBEX had a net margin of 5.57% and a return on equity of 20.23%. During the same quarter in the prior year, the business posted $0.52 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBEX. Robert W. Baird lowered their target price on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TheStreet cut shares of IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, IBEX currently has a consensus rating of “Hold” and an average price target of $19.20.

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.