Meeder Asset Management Inc. Has $343,000 Position in IBEX Limited (NASDAQ:IBEX)

Meeder Asset Management Inc. increased its stake in shares of IBEX Limited (NASDAQ:IBEX) by 48.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,955 shares of the company’s stock after acquiring an additional 5,174 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.10% of IBEX worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBEX. Wellington Management Group LLP increased its stake in IBEX by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company’s stock valued at $11,716,000 after purchasing an additional 23,800 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of IBEX by 72.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 69,026 shares of the company’s stock worth $1,483,000 after acquiring an additional 29,102 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of IBEX by 174.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,422 shares of the company’s stock worth $1,041,000 after acquiring an additional 30,792 shares during the last quarter. JPMorgan Chase & Co. lifted its position in IBEX by 1,369.6% in the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock valued at $6,109,000 after acquiring an additional 264,947 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in IBEX during the 4th quarter valued at about $1,169,000. 81.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Robert Thomas Dechant sold 1,792 shares of the 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 sale, the chief executive officer now owns 226,841 shares in the company, valued at approximately $5,103,922.50. This trade represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce Neil Dawson sold 13,500 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the transaction, the insider now owns 5,607 shares of the company’s stock, valued at approximately $134,568. The trade was a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,213 shares of company stock worth $4,414,121 over the last ninety days. Company insiders own 6.72% of the company’s stock.

Analyst Ratings Changes

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

IBEX Price Performance

IBEX stock opened at $24.35 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $21.60. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83. The company has a market cap of $321.23 million, a price-to-earnings ratio of 11.43 and a beta of 0.75.

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

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.