Victory Capital Management Inc. Has $1.32 Million Stock Position in IBEX Limited (NASDAQ:IBEX)

Victory Capital Management Inc. boosted its stake in shares of IBEX Limited (NASDAQ:IBEX) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,457 shares of the company’s stock after buying an additional 2,800 shares during the period. Victory Capital Management Inc. owned approximately 0.37% of IBEX worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IBEX. Meeder Asset Management Inc. raised its holdings in IBEX by 359.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock worth $215,000 after buying an additional 8,433 shares during the period. FMR LLC raised its holdings in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after buying an additional 1,623 shares during the period. Martingale Asset Management L P raised its holdings in IBEX by 110.9% during the 3rd quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock worth $434,000 after buying an additional 11,421 shares during the period. Walleye Capital LLC acquired a new stake in IBEX during the 3rd quarter worth approximately $556,000. Finally, Janus Henderson Group PLC raised its holdings in IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after buying an additional 1,842 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Price Performance

NASDAQ IBEX opened at $24.98 on Wednesday. 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 12-month low of $13.00 and a 12-month high of $27.83. The company has a market capitalization of $329.54 million, a PE ratio of 11.73 and a beta of 0.75. The firm’s 50 day moving average is $23.93 and its 200-day moving average is $21.08.

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

Insider Buying and Selling

In other IBEX news, Director Shuja Keen sold 11,199 shares of IBEX stock in a transaction on Monday, December 30th. The shares were sold at an average price of $21.95, for a total transaction of $245,818.05. Following the completion of the transaction, the director now directly owns 47,727 shares of the company’s stock, valued at $1,047,607.65. The trade was a 19.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction 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 transaction, the insider now directly owns 5,607 shares of the company’s stock, valued at approximately $134,568. This trade represents a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,412 shares of company stock worth $4,659,939. Insiders own 6.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price objective on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th.

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.