IBEX Limited (NASDAQ:IBEX) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 55.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,599 shares of the company’s stock after selling 20,588 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.10% of IBEX worth $332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kennedy Capital Management LLC boosted its holdings in IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after buying an additional 218,679 shares in the last quarter. American Century Companies Inc. raised its position in IBEX by 4.3% during the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after acquiring an additional 55,216 shares during the last quarter. Quadrature Capital Ltd acquired a new position in IBEX during the first quarter worth about $349,000. Ritholtz Wealth Management acquired a new position in IBEX during the third quarter worth about $371,000. Finally, Sei Investments Co. raised its position in shares of IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after buying an additional 15,507 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Down 1.9 %

Shares of IBEX opened at $19.35 on Monday. The firm has a 50-day moving average price of $19.00 and a 200 day moving average price of $17.08. The firm has a market capitalization of $324.31 million, a PE ratio of 10.24 and a beta of 0.76. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.56.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The company had revenue of $124.53 million during the quarter.

Insider Activity at IBEX

In other news, Director Group International L. Resource sold 59,269 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $20.05, for a total value of $1,188,343.45. Following the sale, the director now owns 5,375,114 shares in the company, valued at approximately $107,771,035.70. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shuja Keen sold 6,086 shares of IBEX stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.46, for a total transaction of $124,519.56. Following the sale, the director now owns 140,024 shares in the company, valued at $2,864,891.04. This represents a 4.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,373 shares of company stock valued at $4,813,965. 6.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

IBEX 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.