Analysts Set IBEX Limited (NASDAQ:IBEX) Price Target at $19.20

Shares of IBEX Limited (NASDAQ:IBEX) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.20.

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 research report on Friday, April 19th.

Hedge Funds Weigh In On IBEX

Several hedge funds have recently modified their holdings of the company. Resource Group International Ltd purchased a new stake in shares of IBEX during the 4th quarter worth approximately $103,964,000. Wellington Management Group LLP increased its stake in shares of IBEX by 16.6% during the 3rd quarter. Wellington Management Group LLP now owns 719,196 shares of the company’s stock worth $11,112,000 after purchasing an additional 102,500 shares during the last quarter. American Century Companies Inc. increased its stake in shares of IBEX by 20.9% during the 3rd quarter. American Century Companies Inc. now owns 1,238,785 shares of the company’s stock worth $19,139,000 after purchasing an additional 214,484 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of IBEX by 60.0% during the 3rd quarter. AQR Capital Management LLC now owns 343,663 shares of the company’s stock worth $5,310,000 after purchasing an additional 128,850 shares during the last quarter. Finally, Circumference Group LLC purchased a new stake in shares of IBEX during the 4th quarter worth approximately $7,842,000. Institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

IBEX stock opened at $15.75 on Tuesday. IBEX has a 1 year low of $11.45 and a 1 year high of $21.24. The stock has a market capitalization of $271.06 million, a PE ratio of 10.29 and a beta of 0.74. 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 company’s 50-day moving average is $15.36 and its 200-day moving average is $15.75.

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

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.