9,528 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Voya Investment Management LLC

Voya Investment Management LLC bought a new position in IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 9,528 shares of the company's stock, valued at approximately $205,000. Voya Investment Management LLC owned 0.06% of IBEX as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in IBEX by 3.7% in the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company's stock worth $11,787,000 after purchasing an additional 19,481 shares during the period. Wellington Management Group LLP grew its holdings in IBEX by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock worth $11,716,000 after acquiring an additional 23,800 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in IBEX by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after acquiring an additional 76,302 shares during the last quarter. Franklin Resources Inc. grew its holdings in IBEX by 18.8% in the 4th quarter. Franklin Resources Inc. now owns 296,114 shares of the company's stock worth $6,363,000 after acquiring an additional 46,849 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in IBEX by 1,369.6% in the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock worth $6,109,000 after acquiring an additional 264,947 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBEX. Robert W. Baird lowered shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Monday. Baird R W lowered shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Royal Bank of Canada raised their price target on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th.

Insider Activity

In other news, CEO Robert Thomas Dechant sold 49,931 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total value of $1,310,189.44. Following the transaction, the chief executive officer now owns 213,633 shares in the company, valued at approximately $5,605,729.92. This represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $27.30, for a total transaction of $343,980.00. Following the completion of the transaction, the director now owns 127,712 shares in the company, valued at approximately $3,486,537.60. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,685 shares of company stock valued at $2,712,069. Corporate insiders own 6.72% of the company's stock.

IBEX Trading Down 1.7%

Shares of IBEX opened at $27.64 on Wednesday. The firm's 50-day moving average price is $24.64 and its 200-day moving average price is $22.76. The firm has a market capitalization of $364.63 million, a price-to-earnings ratio of 12.98 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 1-year low of $14.43 and a 1-year high of $32.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.