Charles Schwab Investment Management Inc. Sells 11,789 Shares of IBEX Limited $IBEX

Charles Schwab Investment Management Inc. decreased its holdings in IBEX Limited (NASDAQ:IBEX) by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,963 shares of the company’s stock after selling 11,789 shares during the period. Charles Schwab Investment Management Inc. owned about 0.46% of IBEX worth $1,484,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBEX. Tower Research Capital LLC TRC grew its holdings in shares of IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after purchasing an additional 1,401 shares in the last quarter. US Bancorp DE bought a new stake in IBEX during the first quarter worth about $41,000. Deutsche Bank AG acquired a new stake in IBEX during the fourth quarter worth about $46,000. CWM LLC grew its stake in IBEX by 392.7% during the first quarter. CWM LLC now owns 2,853 shares of the company’s stock worth $69,000 after buying an additional 2,274 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of IBEX by 24.5% during the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock worth $108,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Baird R W lowered shares of IBEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Robert W. Baird downgraded IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, May 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Insider Activity

In other IBEX news, CEO Robert Thomas Dechant sold 4,376 shares of IBEX stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 193,633 shares in the company, valued at approximately $5,808,990. The trade was a 2.21% 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 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $28.01, for a total value of $140,050.00. Following the completion of the transaction, the director directly owned 2,312 shares in the company, valued at approximately $64,759.12. This trade represents a 68.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,220 shares of company stock valued at $2,069,150. Company insiders own 6.72% of the company’s stock.

IBEX Stock Performance

NASDAQ IBEX opened at $29.53 on Monday. The company has a market capitalization of $394.82 million, a price-to-earnings ratio of 12.90 and a beta of 0.77. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01. IBEX Limited has a twelve month low of $16.35 and a twelve month high of $32.08. The stock has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $27.22.

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.