IBEX Limited (NASDAQ:IBEX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,330 shares of the company’s stock after buying an additional 3,588 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.20% of IBEX worth $738,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IBEX. FMR LLC boosted its holdings in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new position in shares of IBEX during the 4th quarter worth $48,000. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX in the third quarter valued at about $68,000. SG Americas Securities LLC acquired a new stake in IBEX during the fourth quarter worth about $116,000. Finally, Meeder Asset Management Inc. raised its stake in IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after purchasing an additional 8,433 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Stock Down 0.5 %

Shares of NASDAQ IBEX opened at $25.69 on Monday. The firm has a market cap of $338.85 million, a price-to-earnings ratio of 12.06 and a beta of 0.78. The business’s 50 day moving average is $22.54 and its two-hundred day moving average is $20.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Insiders Place Their Bets

In other IBEX news, CEO Robert Thomas Dechant sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $27.56, for a total transaction of $137,800.00. Following the transaction, the chief executive officer now owns 213,633 shares of the company’s stock, valued at $5,887,725.48. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total transaction of $333,900.00. Following the sale, the director now directly owns 89,912 shares of the company’s stock, valued at approximately $2,382,668. This trade represents a 12.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,666 shares of company stock worth $6,774,437. 6.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Robert W. Baird increased their price target on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

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.