Analysts Set IBEX Limited (NASDAQ:IBEX) PT at $19.20

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

Separately, Robert W. Baird dropped their price target on IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th.

Institutional Investors Weigh In On IBEX

Several large investors have recently made changes to their positions in IBEX. O Shaughnessy Asset Management LLC grew its stake in shares of IBEX by 6.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock valued at $632,000 after buying an additional 2,621 shares in the last quarter. Trexquant Investment LP lifted its holdings in IBEX by 13.0% in the 3rd quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after purchasing an additional 2,085 shares during the last quarter. AQR Capital Management LLC lifted its holdings in IBEX by 60.0% in 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. American Century Companies Inc. lifted its holdings in IBEX by 20.9% in 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. Finally, Wellington Management Group LLP lifted its holdings in IBEX by 16.6% in 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. Institutional investors own 81.24% of the company’s stock.

IBEX Trading Down 1.9 %

Shares of IBEX opened at $15.84 on Tuesday. The business’s 50-day moving average price is $15.26 and its 200 day moving average price is $15.83. The stock has a market capitalization of $272.61 million, a P/E ratio of 10.35 and a beta of 0.74. IBEX has a 1-year low of $11.45 and a 1-year high of $21.37. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01.

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

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.