IBEX Limited (NASDAQ:IBEX) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in IBEX Limited (NASDAQ:IBEX) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,361 shares of the company’s stock after acquiring an additional 1,842 shares during the period. Janus Henderson Group PLC owned 0.10% of IBEX worth $347,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in IBEX by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after purchasing an additional 3,759 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of IBEX by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after buying an additional 1,874 shares during the period. Victory Capital Management Inc. increased its holdings in shares of IBEX by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock worth $893,000 after buying an additional 3,084 shares during the last quarter. American Century Companies Inc. raised its position in shares of IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after buying an additional 55,216 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in IBEX during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Robert W. Baird raised their target price on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Buying and Selling at IBEX

In other news, Director Mohammedulla Khaishgi sold 1,883 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $37,660.00. Following the transaction, the director now owns 99,636 shares of the company’s stock, valued at approximately $1,992,720. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total value of $1,584,007.36. Following the sale, the insider now owns 1,641,011 shares in the company, valued at $33,017,141.32. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 451,329 shares of company stock worth $9,021,471 in the last 90 days. 6.72% of the stock is owned by corporate insiders.

IBEX Stock Down 1.1 %

Shares of NASDAQ:IBEX opened at $20.07 on Monday. The company has a market capitalization of $336.47 million, a price-to-earnings ratio of 10.62 and a beta of 0.80. The company has a 50 day moving average of $19.48 and a two-hundred day moving average of $17.85. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $21.63.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The company had revenue of $124.53 million during the quarter.

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.