Dimensional Fund Advisors LP Has $3.23 Million Stock Position in IBEX Limited (NASDAQ:IBEX)

Dimensional Fund Advisors LP grew its holdings in IBEX Limited (NASDAQ:IBEX) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,529 shares of the company’s stock after acquiring an additional 3,052 shares during the quarter. Dimensional Fund Advisors LP owned 1.16% of IBEX worth $3,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IBEX. Meeder Asset Management Inc. bought a new stake in IBEX in the 2nd quarter valued at about $38,000. Quadrature Capital Ltd bought a new stake in shares of IBEX in the first quarter valued at approximately $349,000. Bank of New York Mellon Corp grew its position in IBEX by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after buying an additional 3,759 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in IBEX by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after acquiring an additional 1,874 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in IBEX by 9.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after acquiring an additional 3,191 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Stock Up 0.2 %

NASDAQ IBEX opened at $19.20 on Friday. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $20.56. The business has a fifty day moving average price of $17.73 and a two-hundred day moving average price of $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. The stock has a market capitalization of $330.51 million, a PE ratio of 12.55 and a beta of 0.74.

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

Insider Activity at IBEX

In related news, Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.89, for a total value of $397,800.00. Following the completion of the transaction, the director now owns 1,864,739 shares of the company’s stock, valued at $37,089,658.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other IBEX news, Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.89, for a total value of $397,800.00. Following the completion of the transaction, the director now owns 1,864,739 shares of the company’s stock, valued at $37,089,658.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Group International L. Resource sold 59,269 shares of IBEX stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $20.05, for a total value of $1,188,343.45. Following the sale, the director now directly owns 5,375,114 shares in the company, valued at $107,771,035.70. The trade was 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 valued at $3,681,160. 20.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on IBEX. Royal Bank of Canada increased their target price on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird upped their price objective on shares of IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.