Jackson Creek Investment Advisors LLC Sells 15,545 Shares of IBEX Limited $IBEX

Jackson Creek Investment Advisors LLC reduced its holdings in IBEX Limited (NASDAQ:IBEX) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,932 shares of the company’s stock after selling 15,545 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in IBEX were worth $1,983,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IBEX. Acadian Asset Management LLC raised its holdings in shares of IBEX by 8.0% during the second quarter. Acadian Asset Management LLC now owns 444,377 shares of the company’s stock valued at $12,924,000 after acquiring an additional 32,911 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in IBEX by 0.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 389,234 shares of the company’s stock valued at $11,327,000 after purchasing an additional 1,844 shares during the period. Hillsdale Investment Management Inc. raised its holdings in IBEX by 18.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 260,500 shares of the company’s stock worth $7,581,000 after purchasing an additional 40,800 shares in the last quarter. Globeflex Capital L P lifted its position in shares of IBEX by 8.7% in the 2nd quarter. Globeflex Capital L P now owns 218,952 shares of the company’s stock worth $6,372,000 after purchasing an additional 17,528 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of IBEX by 4.6% during the 2nd quarter. AQR Capital Management LLC now owns 146,306 shares of the company’s stock valued at $4,258,000 after purchasing an additional 6,404 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Trading Up 2.2%

NASDAQ:IBEX opened at $38.02 on Tuesday. The firm has a market capitalization of $512.02 million, a P/E ratio of 13.68 and a beta of 0.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. IBEX Limited has a one year low of $21.20 and a one year high of $42.99. The company’s 50-day simple moving average is $37.44 and its 200 day simple moving average is $35.31.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of IBEX in a report on Monday, December 29th. Royal Bank Of Canada increased their target price on IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

About IBEX

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.