IBEX Limited (NASDAQ:IBEX) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in IBEX Limited (NASDAQ:IBEX) by 386.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,345 shares of the company’s stock after acquiring an additional 15,372 shares during the period. JPMorgan Chase & Co.’s holdings in IBEX were worth $387,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC grew its position in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of IBEX in the third quarter worth $68,000. Meeder Asset Management Inc. grew its holdings in shares of IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after buying an additional 8,433 shares in the last quarter. Janus Henderson Group PLC raised its position in IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after buying an additional 1,842 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in IBEX in the 3rd quarter worth about $371,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling

In other IBEX news, major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total transaction of $1,584,007.36. Following the transaction, the insider now directly owns 1,641,011 shares of the company’s stock, valued at $33,017,141.32. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $40,320.00. Following the completion of the sale, the chief executive officer now directly owns 226,841 shares of the company’s stock, valued at $5,103,922.50. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,694 shares of company stock worth $6,653,798. Insiders own 6.72% of the company’s stock.

IBEX Trading Up 0.3 %

NASDAQ IBEX opened at $22.32 on Thursday. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $22.53. The firm’s fifty day simple moving average is $21.01 and its 200-day simple moving average is $19.07. The company has a market capitalization of $374.08 million, a PE ratio of 11.81 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter. The company had revenue of $129.72 million for the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their target price on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.25.

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.