Sei Investments Co. lessened its position in IBEX Limited (NASDAQ:IBEX – Free Report) by 43.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,367 shares of the company’s stock after selling 16,356 shares during the period. Sei Investments Co.’s holdings in IBEX were worth $573,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of IBEX. JPMorgan Chase & Co. raised its position in IBEX by 8.4% in the fourth quarter. JPMorgan Chase & Co. now owns 376,941 shares of the company’s stock valued at $14,392,000 after purchasing an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of IBEX by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 358,191 shares of the company’s stock worth $9,607,000 after purchasing an additional 24,942 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of IBEX by 3.9% during the fourth quarter. Wells Fargo & Company MN now owns 279,770 shares of the company’s stock worth $10,682,000 after purchasing an additional 10,571 shares during the last quarter. Boston Partners increased its stake in shares of IBEX by 12.4% in the fourth quarter. Boston Partners now owns 275,046 shares of the company’s stock valued at $10,501,000 after buying an additional 30,314 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in shares of IBEX by 2.8% in the first quarter. Hillsdale Investment Management Inc. now owns 264,200 shares of the company’s stock valued at $7,086,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.
IBEX Stock Down 0.4%
Shares of IBEX stock opened at $35.83 on Friday. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99. The stock has a market cap of $479.76 million, a price-to-earnings ratio of 11.20 and a beta of 0.69. The company’s fifty day moving average is $33.18 and its 200 day moving average is $31.20.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on IBEX
Insider Buying and Selling
In other IBEX news, insider Julie K. Casteel sold 3,600 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.61, for a total value of $110,196.00. Following the sale, the insider owned 117,594 shares in the company, valued at approximately $3,599,552.34. The trade was a 2.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patrick Mcginnis sold 1,030 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $31.69, for a total value of $32,640.70. Following the completion of the sale, the director owned 5,833 shares in the company, valued at $184,847.77. This trade represents a 15.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,594 shares of company stock valued at $173,704 in the last three months. Insiders own 3.40% of the company’s stock.
IBEX Profile
IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.
Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.
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