Wellington Management Co. LLP has recently announced that it has increased stake in IBEX Limited (NASDAQ:IBEX) by 42.20%. After grabbing 0.58 million shares, the institutional investor is now in possession of 0.17 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.15% having worth around $14.3 million. Moreover, Schonfeld Strategic Advisors LLC increased its share by 56337.0 to have a control over 0.56 million shares.
IBEX Limited (IBEX) concluded trading on 01/19/23 at a closing price of $27.79, with 0.15 million shares of worth about $4.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.43% during that period and on Thursday the price saw a loss of about -0.29%. Currently the company’s common shares owned by public are about 18.14M shares, out of which, 9.11M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the IBEX stock and their offered price forecasts bring an average price target of $26.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $29.00 and could fall to a lowest price of $26.00. The stock’s current price level is -3.69% below of average price target set by the analysts, while a dip to estimated low would result in loss of -6.88% for the stock. However, touching the estimated high of $29.00 would mean a gain of 4.17% for the stock.
American Century Small Cap Value, Columbia Small Cap Value Fund I, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in IBEX Limited American Century Small Cap Value is currently holding 0.82 million shares of worth totaling $20.38 million. The company recently came selling 25000.0 shares which brought its stake up to 4.49% of the company’s outstanding shares. Columbia Small Cap Value Fund I sold 40100.0 shares, after which its hold over company’s outstanding shares shrunk to 1.73%, leaving 0.32 million shares with the mutual fund that have a worth of about $7.86 million. iShares Russell 2000 ETF, after selling 0.17 million shares, have now control over 0.95% of the stake in the company. It holds 1830.0 shares of worth $4.32 million.
However, the stock later moved at a day high price of 28.46, or with a loss of -0.29%. Stock saw a price change of 8.34% in past 5 days and over the past one month there was a price change of 5.79%. Year-to-date (YTD), IBEX shares are showing a performance of 11.83% which increased to 98.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.48 but also hit the highest price of $28.33 during that period. The average intraday trading volume for IBEX Limited shares is 66.76K. The stock is currently trading 7.97% above its 20-day simple moving average (SMA20), while that difference is up 10.78% for SMA50 and it goes to 44.81% higher than SMA200.
Wellington Management Co. LLP acquired 0.58 million shares of IBEX Limited having value of about $14.3 million. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 0.17 million shares in the company valued at close to $4746532.0, or have control over 42.20% stake in the company. IBEX Limited (NASDAQ: IBEX) currently have 18.14M outstanding shares and institutions hold larger chunk of about 38.50% of that. Holding of mutual funds in the company is about 12.49% while other institutional holders and individual stake holders have control over 14.62% and — of the stake respectively.
The stock has a current market capitalization of $508.28M. PE ratio of stock for trailing 12 months is 21.34, while it has posted earnings per share of $1.30 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IBEX, volatility over the week remained 3.64% while standing at 3.37% over the month.
Analysts are in expectations that IBEX Limited (IBEX) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.42 and it is $1.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 693.80% while it is estimated to increase by 17.73% in next year.
Analysts at 5 brokerage firms have issued recommendations for the IBEX Limited (IBEX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 19, 2022 offering a Neutral rating for the stock and assigned a target price of $20 to it.