American Century Companies Inc. Sells 134,448 Shares of IBEX Limited $IBEX

American Century Companies Inc. trimmed its position in IBEX Limited (NASDAQ:IBEX) by 15.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 722,094 shares of the company’s stock after selling 134,448 shares during the period. American Century Companies Inc. owned about 5.47% of IBEX worth $17,583,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE bought a new position in IBEX in the 1st quarter valued at $41,000. Russell Investments Group Ltd. boosted its position in IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after buying an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the last quarter. Deutsche Bank AG bought a new position in IBEX in the 4th quarter valued at $46,000. Finally, CWM LLC boosted its position in IBEX by 392.7% in the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock valued at $69,000 after buying an additional 2,274 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird downgraded IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Monday, May 12th. Baird R W downgraded IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Insider Buying and Selling

In related news, insider Paul Joseph Inson sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the sale, the insider owned 7,352 shares of the company’s stock, valued at approximately $220,560. This trade represents a 57.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 4,376 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total value of $131,280.00. Following the sale, the chief executive officer directly owned 193,633 shares in the company, valued at $5,808,990. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,910 shares of company stock valued at $2,174,647. 6.72% of the stock is owned by company insiders.

IBEX Stock Performance

IBEX stock opened at $30.22 on Monday. The business’s fifty day moving average is $29.25 and its 200-day moving average is $27.10. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $404.04 million, a P/E ratio of 13.20 and a beta of 0.77. IBEX Limited has a twelve month low of $16.35 and a twelve month high of $32.08.

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.