New York State Common Retirement Fund Boosts Position in IBEX Limited (NASDAQ:IBEX)

New York State Common Retirement Fund boosted its position in IBEX Limited (NASDAQ:IBEX) by 146.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,777 shares of the company’s stock after purchasing an additional 7,000 shares during the period. New York State Common Retirement Fund owned about 0.07% of IBEX worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IBEX. FMR LLC increased its stake in shares of IBEX by 314.5% in 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 in the last quarter. R Squared Ltd bought a new stake in IBEX during the fourth quarter valued at about $48,000. Public Employees Retirement System of Ohio purchased a new stake in IBEX in the third quarter worth about $68,000. SG Americas Securities LLC bought a new position in shares of IBEX in the fourth quarter worth about $116,000. Finally, Meeder Asset Management Inc. lifted its position in shares of IBEX by 359.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after buying an additional 8,433 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IBEX

In other news, insider Bruce Neil Dawson sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.00, for a total transaction of $324,000.00. Following the sale, the insider now directly owns 5,607 shares of the company’s stock, valued at $134,568. This represents a 70.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Thomas Dechant sold 49,931 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total value of $1,310,189.44. Following the transaction, the chief executive officer now owns 213,633 shares of the company’s stock, valued at $5,605,729.92. This represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 244,147 shares of company stock worth $5,879,704. Insiders own 6.72% of the company’s stock.

IBEX Price Performance

Shares of IBEX stock opened at $24.78 on Thursday. The company has a market capitalization of $326.90 million, a price-to-earnings ratio of 11.63 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $23.35 and its 200-day simple moving average is $20.57. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $27.83.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, topping 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%.

Wall Street Analyst Weigh In

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

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.