Martingale Asset Management L P Has $940,000 Holdings in IBEX Limited (NASDAQ:IBEX)

Martingale Asset Management L P increased its stake in shares of IBEX Limited (NASDAQ:IBEX) by 101.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,724 shares of the company’s stock after buying an additional 22,004 shares during the quarter. Martingale Asset Management L P owned about 0.26% of IBEX worth $940,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the period. Janus Henderson Group PLC raised its position in IBEX by 11.9% during the third 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. State Street Corp lifted its stake in IBEX by 1.2% during 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 during the last quarter. Jane Street Group LLC boosted its holdings in shares of IBEX by 114.6% in the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock valued at $599,000 after purchasing an additional 15,999 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of IBEX in the 3rd quarter valued at $68,000. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

IBEX Stock Performance

Shares of IBEX stock opened at $23.30 on Friday. The company’s 50 day moving average price is $24.86 and its two-hundred day moving average price is $21.86. The firm has a market capitalization of $307.37 million, a P/E ratio of 10.94 and a beta of 0.75. 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 Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

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

Insider Activity

In other IBEX news, insider Christina Al Trofimuk-O’connor sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the sale, the insider now owns 17,050 shares in the company, valued at approximately $434,945.50. The trade was a 30.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm’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 $134,568. This trade represents a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,213 shares of company stock valued at $4,414,121 over the last quarter. 6.72% of the stock is owned by company 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.