Acadian Asset Management LLC Has $12.92 Million Holdings in IBEX Limited $IBEX

Acadian Asset Management LLC lifted its position in IBEX Limited (NASDAQ:IBEX) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 444,377 shares of the company’s stock after acquiring an additional 32,911 shares during the quarter. Acadian Asset Management LLC owned approximately 3.32% of IBEX worth $12,924,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC acquired a new stake in IBEX during the 1st quarter valued at $3,591,000. AQR Capital Management LLC grew its holdings in shares of IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after buying an additional 105,997 shares in the last quarter. Nuveen LLC purchased a new position in shares of IBEX during the first quarter valued at $2,279,000. Essex Investment Management Co. LLC acquired a new position in IBEX during the first quarter valued at $1,374,000. Finally, Cubist Systematic Strategies LLC raised its position in IBEX by 132.5% during the first quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company’s stock valued at $2,217,000 after buying an additional 51,886 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

IBEX Stock Performance

NASDAQ:IBEX opened at $36.61 on Wednesday. The firm has a market capitalization of $493.14 million, a PE ratio of 13.17 and a beta of 0.82. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. IBEX Limited has a 1 year low of $18.75 and a 1 year high of $42.99. The firm’s fifty day simple moving average is $37.18 and its 200 day simple moving average is $31.72.

Insider Activity

In other IBEX news, insider Christina Al Trofimuk-O’connor sold 1,001 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $39.58, for a total value of $39,619.58. Following the completion of the sale, the insider directly owned 13,954 shares of the company’s stock, valued at $552,299.32. This represents a 6.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Taylor C. Greenwald sold 2,295 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $40.73, for a total transaction of $93,475.35. Following the completion of the sale, the chief financial officer owned 33,561 shares of the company’s stock, valued at approximately $1,366,939.53. The trade was a 6.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,315 shares of company stock worth $3,036,165 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised their price objective on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday. Weiss Ratings raised shares of IBEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

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.