LSV Asset Management Buys 7,900 Shares of IBEX Limited $IBEX

LSV Asset Management lifted its stake in IBEX Limited (NASDAQ:IBEX) by 52.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,900 shares of the company’s stock after purchasing an additional 7,900 shares during the quarter. LSV Asset Management owned about 0.17% of IBEX worth $666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. US Bancorp DE purchased a new position in IBEX during the first quarter worth $41,000. CWM LLC lifted its holdings in shares of IBEX by 392.7% in the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock worth $69,000 after acquiring an additional 2,274 shares during the last quarter. Amundi bought a new stake in shares of IBEX in the 1st quarter worth about $74,000. EP Wealth Advisors LLC purchased a new position in shares of IBEX during the 1st quarter worth about $217,000. Finally, Moran Wealth Management LLC bought a new position in IBEX during the 2nd quarter valued at about $226,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Stock Up 2.5%

Shares of IBEX stock opened at $34.76 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $468.11 million, a price-to-earnings ratio of 12.50 and a beta of 0.82. The firm’s 50-day moving average is $37.88 and its two-hundred day moving average is $32.20. IBEX Limited has a 1 year low of $19.34 and a 1 year high of $42.99.

Analyst Ratings Changes

Several analysts have issued reports on IBEX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of IBEX in a research note on Wednesday. Royal Bank Of Canada increased their price target on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.00.

Insider Transactions at IBEX

In other news, CFO Taylor C. Greenwald sold 2,295 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $40.73, for a total transaction of $93,475.35. Following the transaction, the chief financial officer directly owned 33,561 shares in the company, valued at approximately $1,366,939.53. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Thomas Dechant sold 45,027 shares of IBEX stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $38.89, for a total transaction of $1,751,100.03. Following the transaction, the chief executive officer directly owned 191,999 shares in the company, valued at approximately $7,466,841.11. The trade was a 19.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 71,315 shares of company stock worth $2,736,165. Insiders own 3.40% 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.