O Shaughnessy Asset Management LLC Grows Stake in IBEX Limited (NASDAQ:IBEX)

O Shaughnessy Asset Management LLC boosted its stake in IBEX Limited (NASDAQ:IBEX) by 72.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,026 shares of the company’s stock after buying an additional 29,102 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in IBEX were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBEX. FMR LLC lifted its position in shares of IBEX by 314.5% in 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. Walleye Capital LLC acquired a new position in IBEX in the 3rd quarter valued at $556,000. Janus Henderson Group PLC lifted its holdings in IBEX by 11.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock worth $1,701,000 after purchasing an additional 14,411 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of IBEX during the third quarter worth $522,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Price Performance

IBEX stock opened at $23.34 on Friday. 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. The firm has a market capitalization of $307.90 million, a PE ratio of 10.96 and a beta of 0.75. The business has a 50 day simple moving average of $24.74 and a 200-day simple moving average of $21.73.

IBEX (NASDAQ:IBEX) last issued 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 return on equity of 25.29% and a net margin of 7.08%.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price target 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

In other news, Director Mohammedulla Khaishgi sold 4,626 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the completion of the transaction, the director now directly owns 216,718 shares in the company, valued at approximately $4,876,155. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the sale, the chief executive officer now directly owns 213,633 shares of the company’s stock, valued at $5,605,729.92. The trade was a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,213 shares of company stock worth $4,414,121. Insiders own 6.72% of the company’s stock.

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.