Strs Ohio Has $353,000 Position in IBEX Limited (NASDAQ:IBEX)

Strs Ohio lowered its holdings in IBEX Limited (NASDAQ:IBEX) by 11.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,600 shares of the company’s stock after selling 2,400 shares during the period. Strs Ohio’s holdings in IBEX were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP raised its position in shares of IBEX by 126.4% during the third quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock worth $70,000 after acquiring an additional 2,546 shares during the last quarter. Barclays PLC raised its position in shares of IBEX by 15.9% during the third quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $154,000 after acquiring an additional 1,363 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of IBEX during the third quarter worth $263,000. Trexquant Investment LP raised its position in shares of IBEX by 13.0% during the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of IBEX by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock worth $404,000 after acquiring an additional 748 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Trading Up 1.1 %

NASDAQ IBEX opened at $13.20 on Monday. The stock has a 50-day simple moving average of $14.69 and a 200 day simple moving average of $16.52. The company has a market capitalization of $231.92 million, a PE ratio of 8.41 and a beta of 0.62. IBEX Limited has a 12 month low of $11.45 and a 12 month high of $23.49.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). IBEX had a net margin of 5.79% and a return on equity of 20.10%. The company had revenue of $132.63 million during the quarter, compared to the consensus estimate of $137.38 million. As a group, sell-side analysts predict that IBEX Limited will post 1.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

IBEX has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. TheStreet downgraded IBEX from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th. Truist Financial dropped their target price on IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective on shares of IBEX in a report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.20.

Insiders Place Their Bets

In other IBEX news, insider Jeffrey Hays Cox sold 9,383 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $16.05, for a total value of $150,597.15. Following the completion of the sale, the insider now directly owns 385,251 shares in the company, valued at $6,183,278.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.80% 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.