Boston Partners Sells 10,627 Shares of IBEX Limited (NASDAQ:IBEX)

Boston Partners reduced its position in shares of IBEX Limited (NASDAQ:IBEX) by 4.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,893 shares of the company’s stock after selling 10,627 shares during the quarter. Boston Partners owned 1.36% of IBEX worth $3,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its stake in IBEX by 9.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after purchasing an additional 3,191 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of IBEX by 10.8% during the 4th quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock valued at $732,000 after acquiring an additional 3,750 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of IBEX by 33.7% during the 4th quarter. Panagora Asset Management Inc. now owns 47,478 shares of the company’s stock valued at $903,000 after acquiring an additional 11,978 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of IBEX by 96.8% during the 4th quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock valued at $677,000 after acquiring an additional 17,521 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of IBEX during the 1st quarter valued at about $349,000. 81.24% of the stock is currently owned by institutional investors.

IBEX Stock Performance

Shares of IBEX traded down $0.14 on Friday, reaching $16.55. The company’s stock had a trading volume of 32,851 shares, compared to its average volume of 51,568. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market capitalization of $284.89 million, a P/E ratio of 10.82 and a beta of 0.74. The stock’s 50 day simple moving average is $16.23 and its two-hundred day simple moving average is $15.60. IBEX Limited has a 12-month low of $11.45 and a 12-month high of $21.10.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $126.80 million for the quarter. IBEX had a net margin of 5.57% and a return on equity of 20.23%. During the same period in the previous year, the business posted $0.52 EPS.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price target on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, IBEX has a consensus rating of “Hold” and a consensus target price of $19.20.

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.