AQR Capital Management LLC Has $1.55 Million Holdings in IBEX Limited (NASDAQ:IBEX)

AQR Capital Management LLC reduced its stake in shares of IBEX Limited (NASDAQ:IBEX) by 36.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,053 shares of the company’s stock after selling 54,814 shares during the quarter. AQR Capital Management LLC owned 0.56% of IBEX worth $1,554,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kennedy Capital Management LLC grew its holdings in IBEX by 341.7% during the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after acquiring an additional 218,679 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after purchasing an additional 55,216 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of IBEX in the 1st quarter valued at about $349,000. Allspring Global Investments Holdings LLC boosted its stake in shares of IBEX by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of IBEX in the 2nd quarter valued at about $38,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Stock Performance

Shares of NASDAQ:IBEX opened at $19.20 on Friday. The company has a market capitalization of $330.51 million, a price-to-earnings ratio of 12.55 and a beta of 0.74. The firm’s 50 day simple moving average is $17.73 and its 200 day simple moving average is $16.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $20.56.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The business had revenue of $124.53 million for the quarter. IBEX had a net margin of 6.62% and a return on equity of 22.04%.

Insiders Place Their Bets

In other IBEX news, Director Shuja Keen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $19.95, for a total transaction of $299,250.00. Following the sale, the director now directly owns 146,110 shares in the company, valued at approximately $2,914,894.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other IBEX news, Director Shuja Keen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $19.95, for a total transaction of $299,250.00. Following the sale, the director now directly owns 146,110 shares in the company, valued at approximately $2,914,894.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gem G.P. L.P. Pinebridge II sold 19,642 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.03, for a total transaction of $373,787.26. Following the sale, the director now owns 1,719,739 shares in the company, valued at $32,726,633.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,760 shares of company stock worth $3,681,160. Company insiders own 20.80% of the company’s stock.

Wall Street Analyst Weigh In

IBEX has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada raised their target price on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.