IBEX Limited (NASDAQ:IBEX) Position Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of IBEX Limited (NASDAQ:IBEX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,402 shares of the company’s stock after acquiring an additional 4,777 shares during the period. Ameriprise Financial Inc. owned about 3.05% of IBEX worth $10,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IBEX. JPMorgan Chase & Co. boosted its holdings in IBEX by 1,369.6% in the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock worth $6,109,000 after purchasing an additional 264,947 shares during the period. Impact Capital Partners LLC acquired a new position in shares of IBEX in the 4th quarter valued at about $4,829,000. Dimensional Fund Advisors LP grew its position in shares of IBEX by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock valued at $7,009,000 after buying an additional 76,302 shares during the last quarter. Walleye Capital LLC raised its stake in IBEX by 267.2% during the fourth quarter. Walleye Capital LLC now owns 102,220 shares of the company’s stock worth $2,197,000 after acquiring an additional 74,380 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in IBEX during the fourth quarter worth about $1,411,000. Institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $28.63 on Tuesday. The firm’s 50 day moving average is $24.95 and its two-hundred day moving average is $23.08. The firm has a market capitalization of $377.69 million, a P/E ratio of 13.44 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52 week low of $15.15 and a 52 week high of $32.08.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Baird R W lowered IBEX from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Royal Bank of Canada upped their price objective on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, Robert W. Baird cut IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Monday, May 12th.

Insider Transactions at IBEX

In other news, insider Bruce Neil Dawson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total value of $244,800.00. Following the completion of the transaction, the insider now directly owns 5,607 shares in the company, valued at $137,259.36. This trade represents a 64.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total value of $333,900.00. Following the sale, the director now directly owns 89,912 shares in the company, valued at approximately $2,382,668. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,531 shares of company stock valued at $1,888,889. 6.72% of the stock is currently owned by corporate insiders.

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.