5,405 Shares in IBEX Limited (NASDAQ:IBEX) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in IBEX Limited (NASDAQ:IBEX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,405 shares of the company’s stock, valued at approximately $116,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock worth $387,000 after purchasing an additional 15,372 shares during the last quarter. Jane Street Group LLC boosted its stake in IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after buying an additional 15,999 shares in the last quarter. Barclays PLC boosted its stake in IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after buying an additional 10,062 shares in the last quarter. Ritholtz Wealth Management boosted its stake in IBEX by 76.9% in the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock worth $706,000 after buying an additional 14,279 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in IBEX in the third quarter worth approximately $522,000. 81.24% of the stock is currently owned by institutional investors.

IBEX Stock Performance

Shares of IBEX stock opened at $25.95 on Wednesday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $26.22. The stock has a market capitalization of $434.92 million, a price-to-earnings ratio of 12.18 and a beta of 0.78. The company’s 50 day moving average price is $21.38 and its 200-day moving average price is $19.44.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (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 23.13%.

Analyst Ratings Changes

Several analysts have issued reports on IBEX shares. Robert W. Baird upped their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their target price on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th.

Insider Activity at IBEX

In related news, CEO Robert Thomas Dechant sold 1,792 shares of IBEX stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total value of $40,320.00. Following the sale, the chief executive officer now owns 226,841 shares in the company, valued at $5,103,922.50. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shuja Keen sold 17,000 shares of IBEX stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.27, for a total transaction of $344,590.00. Following the completion of the sale, the director now owns 71,110 shares in the company, valued at approximately $1,441,399.70. This trade represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 298,008 shares of company stock worth $6,154,153 over the last quarter. 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.