Bank of New York Mellon Corp Sells 1,322 Shares of IBEX Limited (NASDAQ:IBEX)

Bank of New York Mellon Corp lessened its position in shares of IBEX Limited (NASDAQ:IBEX) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,938 shares of the company’s stock after selling 1,322 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of IBEX worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after purchasing an additional 2,105 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after buying an additional 14,411 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in IBEX in the fourth quarter worth $1,411,000. Allspring Global Investments Holdings LLC increased its stake in IBEX by 11.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company’s stock valued at $738,000 after acquiring an additional 3,588 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in IBEX by 76.9% during the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after purchasing an additional 14,279 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised 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.

Insider Buying and Selling at IBEX

In related news, CEO Robert Thomas Dechant sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $40,320.00. Following the transaction, the chief executive officer now directly owns 226,841 shares of the company’s stock, valued at approximately $5,103,922.50. This represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total value of $333,900.00. Following the completion of the transaction, the director now owns 89,912 shares of the company’s stock, valued at $2,382,668. This represents a 12.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,412 shares of company stock worth $4,659,939. 6.72% of the stock is owned by insiders.

IBEX Price Performance

Shares of IBEX stock opened at $24.42 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $322.15 million, a P/E ratio of 11.46 and a beta of 0.75. The business’s 50 day moving average price is $24.51 and its 200-day moving average price is $21.48. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.51 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 25.29%.

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.