10,293 Shares in IBEX Limited (NASDAQ:IBEX) Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury acquired a new stake in shares of IBEX Limited (NASDAQ:IBEX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,293 shares of the company’s stock, valued at approximately $221,000. State of Tennessee Department of Treasury owned about 0.06% of IBEX at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBEX. Barclays PLC lifted its holdings in shares of IBEX by 95.2% during the 3rd quarter. Barclays PLC now owns 20,636 shares of the company’s stock valued at $412,000 after buying an additional 10,062 shares during the last quarter. Virtu Financial LLC acquired a new stake in IBEX in the third quarter valued at approximately $380,000. JPMorgan Chase & Co. grew its position in IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock worth $387,000 after acquiring an additional 15,372 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of IBEX by 76.9% during the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock worth $706,000 after purchasing an additional 14,279 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of IBEX during the 4th quarter valued at $116,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Buying and Selling at IBEX

In other IBEX news, insider Christina Al Trofimuk-O’connor sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the completion of the transaction, the insider now owns 17,050 shares of the company’s stock, valued at $434,945.50. This represents a 30.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the sale, the insider now owns 5,607 shares of the company’s stock, valued at $134,568. This represents a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,567 shares of company stock valued at $4,152,086 in the last ninety days. Company insiders own 6.72% of the company’s stock.

IBEX Stock Up 1.4 %

IBEX opened at $25.78 on Tuesday. The firm has a market cap of $340.09 million, a P/E ratio of 12.10 and a beta of 0.74. 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 business has a 50 day moving average price of $24.37 and a 200 day moving average price of $22.42. IBEX Limited has a twelve month low of $13.42 and a twelve month high of $27.83.

IBEX (NASDAQ:IBEX) last released 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%.

Wall Street Analysts Forecast Growth

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

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.