IBEX Limited (NASDAQ:IBEX) Stake Raised by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,478 shares of the company’s stock after purchasing an additional 11,978 shares during the period. Panagora Asset Management Inc. owned approximately 0.26% of IBEX worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IBEX. Quantbot Technologies LP boosted its holdings in IBEX by 126.4% during the third quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock worth $70,000 after buying an additional 2,546 shares in the last quarter. Barclays PLC boosted its stake in shares of IBEX by 15.9% during the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $154,000 after acquiring an additional 1,363 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in shares of IBEX in the 3rd quarter worth $263,000. Trexquant Investment LP raised its position in shares of IBEX by 13.0% during the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after purchasing an additional 2,085 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of IBEX by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock valued at $404,000 after purchasing an additional 748 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

IBEX has been the topic of several recent analyst reports. Truist Financial cut their price objective on IBEX from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, February 9th. TheStreet lowered shares of IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Robert W. Baird decreased their price objective on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Finally, Piper Sandler reissued a “neutral” rating and set a $17.00 target price on shares of IBEX in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, IBEX has an average rating of “Hold” and an average target price of $19.20.

Insider Buying and Selling at IBEX

In other news, insider Jeffrey Hays Cox sold 7,331 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.06, for a total transaction of $117,735.86. Following the completion of the sale, the insider now owns 402,920 shares in the company, valued at approximately $6,470,895.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.80% of the company’s stock.

IBEX Trading Down 0.2 %

NASDAQ:IBEX opened at $15.41 on Friday. The company has a market capitalization of $265.21 million, a P/E ratio of 10.07 and a beta of 0.68. The stock’s 50 day moving average price is $14.36 and its 200 day moving average price is $16.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42. IBEX Limited has a 52 week low of $11.45 and a 52 week high of $23.49.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. IBEX had a net margin of 5.57% and a return on equity of 20.23%. The company had revenue of $126.80 million for the quarter. During the same quarter last year, the company earned $0.52 EPS.

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.