Sei Investments Co. Sells 32,455 Shares of IBEX Limited (NASDAQ:IBEX)

Sei Investments Co. trimmed its holdings in IBEX Limited (NASDAQ:IBEX) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,191 shares of the company’s stock after selling 32,455 shares during the quarter. Sei Investments Co. owned approximately 0.53% of IBEX worth $1,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBEX. FMR LLC raised its stake in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares in the last quarter. R Squared Ltd purchased a new stake in IBEX during the fourth quarter valued at approximately $48,000. Quantbot Technologies LP grew its stake in IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock worth $57,000 after buying an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the third quarter worth about $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of IBEX during the fourth quarter valued at about $116,000. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at IBEX

In related news, insider Bruce Neil Dawson sold 13,500 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.00, for a total transaction of $324,000.00. Following the completion of the sale, the insider now owns 5,607 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the business’s stock in a transaction 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 in the company, valued at $5,103,922.50. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,213 shares of company stock valued at $4,414,121 over the last ninety days. Corporate insiders own 6.72% of the company’s stock.

IBEX Trading Down 4.3 %

Shares of IBEX stock opened at $23.34 on Friday. The firm has a fifty day moving average price of $24.74 and a 200 day moving average price of $21.73. The stock has a market cap of $307.90 million, a PE ratio of 10.96 and a beta of 0.75. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

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

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.