Boston Partners Sells 3,571 Shares of IBEX Limited $IBEX

Boston Partners cut its stake in shares of IBEX Limited (NASDAQ:IBEX) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,337 shares of the company’s stock after selling 3,571 shares during the quarter. Boston Partners owned approximately 1.69% of IBEX worth $6,557,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Martingale Asset Management L P grew its stake in IBEX by 2.3% in the first quarter. Martingale Asset Management L P now owns 44,723 shares of the company’s stock worth $1,089,000 after purchasing an additional 999 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of IBEX by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 14,320 shares of the company’s stock worth $417,000 after buying an additional 1,466 shares during the period. CWM LLC grew its position in shares of IBEX by 53.3% during the 2nd quarter. CWM LLC now owns 4,373 shares of the company’s stock worth $127,000 after buying an additional 1,520 shares in the last quarter. US Bancorp DE purchased a new position in shares of IBEX during the first quarter valued at $41,000. Finally, Amundi bought a new stake in shares of IBEX in the first quarter valued at about $74,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IBEX. Royal Bank Of Canada increased their target price on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of IBEX in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, IBEX presently has a consensus rating of “Hold” and an average target price of $35.00.

IBEX Trading Up 0.2%

NASDAQ:IBEX opened at $35.16 on Friday. The stock has a market capitalization of $473.54 million, a price-to-earnings ratio of 12.65 and a beta of 0.82. IBEX Limited has a 52 week low of $19.34 and a 52 week high of $42.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $37.37 and a 200 day moving average of $32.48.

Insider Activity

In other IBEX news, CFO Taylor C. Greenwald sold 2,295 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $40.73, for a total value of $93,475.35. Following the completion of the sale, the chief financial officer directly owned 33,561 shares in the company, valued at approximately $1,366,939.53. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christina Al Trofimuk-O’connor sold 1,001 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was 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 approximately $552,299.32. This represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 67,574 shares of company stock worth $2,627,189. Company insiders own 3.40% of the company’s stock.

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.