New York State Common Retirement Fund Has $611,000 Stock Holdings in IBEX Limited (NASDAQ:IBEX)

New York State Common Retirement Fund lifted its holdings in IBEX Limited (NASDAQ:IBEX) by 112.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,077 shares of the company’s stock after buying an additional 13,300 shares during the period. New York State Common Retirement Fund owned about 0.19% of IBEX worth $611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IBEX. Wellington Management Group LLP raised its holdings in shares of IBEX by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 545,175 shares of the company’s stock worth $11,716,000 after acquiring an additional 23,800 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of IBEX by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company’s stock worth $10,969,000 after acquiring an additional 4,777 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of IBEX by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock worth $7,009,000 after acquiring an additional 76,302 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of IBEX by 18.8% during the fourth quarter. Franklin Resources Inc. now owns 296,114 shares of the company’s stock worth $6,363,000 after acquiring an additional 46,849 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of IBEX by 1,369.6% during the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock worth $6,109,000 after acquiring an additional 264,947 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

IBEX has been the subject of several recent research reports. Baird R W lowered IBEX from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Robert W. Baird lowered IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Monday, May 12th.

Insider Buying and Selling at IBEX

In other news, insider Paul Joseph Inson sold 3,690 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total value of $105,497.10. Following the sale, the insider directly owned 17,352 shares of the company’s stock, valued at approximately $496,093.68. This trade represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mohammedulla Khaishgi sold 35,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $29.66, for a total value of $1,038,100.00. Following the completion of the sale, the director directly owned 42,312 shares in the company, valued at approximately $1,254,973.92. This represents a 45.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,910 shares of company stock worth $1,874,647 over the last three months. Corporate insiders own 6.72% of the company’s stock.

IBEX Price Performance

NASDAQ IBEX opened at $29.79 on Friday. IBEX Limited has a fifty-two week low of $15.17 and a fifty-two week high of $32.08. The stock’s 50-day moving average is $29.27 and its two-hundred day moving average is $26.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $398.35 million, a P/E ratio of 13.01 and a beta of 0.77.

IBEX Company 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.