IBEX Limited (NASDAQ:IBEX) Given Consensus Recommendation of “Hold” by Analysts

IBEX Limited (NASDAQ:IBEX) has received an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.20.

Several research analysts recently issued reports on IBEX shares. Robert W. Baird cut their target price on IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. TheStreet cut IBEX from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th.

IBEX Trading Down 1.4 %

Shares of IBEX stock opened at $15.96 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42. IBEX has a 52 week low of $11.45 and a 52 week high of $21.59. The stock has a 50 day moving average price of $15.10 and a two-hundred day moving average price of $15.85. The stock has a market capitalization of $274.67 million, a PE ratio of 10.43 and a beta of 0.74.

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

Institutional Trading of IBEX

A number of hedge funds have recently bought and sold shares of IBEX. O Shaughnessy Asset Management LLC lifted its holdings in IBEX by 6.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock worth $632,000 after acquiring an additional 2,621 shares during the period. Trexquant Investment LP raised its stake in shares of IBEX by 13.0% in the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock valued at $280,000 after buying an additional 2,085 shares during the period. AQR Capital Management LLC raised its stake in shares of IBEX by 60.0% in the third quarter. AQR Capital Management LLC now owns 343,663 shares of the company’s stock valued at $5,310,000 after buying an additional 128,850 shares during the period. American Century Companies Inc. raised its stake in shares of IBEX by 20.9% in the third quarter. American Century Companies Inc. now owns 1,238,785 shares of the company’s stock valued at $19,139,000 after buying an additional 214,484 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of IBEX by 16.6% in the third quarter. Wellington Management Group LLP now owns 719,196 shares of the company’s stock valued at $11,112,000 after buying an additional 102,500 shares during the period. 81.24% of the stock is currently owned by institutional investors.

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.