IBEX Limited (NASDAQ:IBEX) Stock Position Increased by Trexquant Investment LP

Trexquant Investment LP raised its position in shares of IBEX Limited (NASDAQ:IBEX) by 42.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,157 shares of the company’s stock after purchasing an additional 24,377 shares during the period. Trexquant Investment LP’s holdings in IBEX were worth $1,744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBEX. Heron Bay Capital Management raised its holdings in shares of IBEX by 4.8% during the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company’s stock valued at $379,000 after buying an additional 810 shares during the last quarter. FMR LLC raised its stake in IBEX by 314.5% during the 3rd 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. Janus Henderson Group PLC boosted its position in IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after acquiring an additional 1,842 shares during the period. State Street Corp grew its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after purchasing an additional 2,105 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of IBEX in the fourth quarter worth $48,000. Institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

NASDAQ IBEX opened at $22.50 on Wednesday. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83. The firm has a market capitalization of $296.82 million, a PE ratio of 10.56 and a beta of 0.75. The company’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $21.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share 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 Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Mohammedulla Khaishgi sold 4,626 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $22.50, for a total value of $104,085.00. Following the completion of the transaction, the director now owns 216,718 shares of the company’s stock, valued at approximately $4,876,155. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Thomas Dechant sold 49,931 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the sale, the chief executive officer now owns 213,633 shares of the company’s stock, valued at $5,605,729.92. The trade was a 18.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,213 shares of company stock worth $4,414,121. 6.72% of the stock is owned by insiders.

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.