Voya Investment Management LLC Takes Position in IBEX Limited (NASDAQ:IBEX)

Voya Investment Management LLC acquired a new stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,528 shares of the company's stock, valued at approximately $205,000. Voya Investment Management LLC owned about 0.06% of IBEX at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after purchasing an additional 15,372 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of IBEX in the fourth quarter valued at $1,411,000. Ritholtz Wealth Management grew its holdings in shares of IBEX by 76.9% in the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock valued at $706,000 after purchasing an additional 14,279 shares in the last quarter. Barclays PLC grew its holdings in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of IBEX in the fourth quarter valued at $116,000. Institutional investors own 81.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on IBEX shares. Royal Bank of Canada raised their target price on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Robert W. Baird lowered shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a report on Monday, May 12th. Finally, Baird R W lowered shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

Insiders Place Their Bets

In other news, CEO Robert Thomas Dechant sold 49,931 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the sale, the chief executive officer now directly owns 213,633 shares of the company's stock, valued at approximately $5,605,729.92. The trade was a 18.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Neil Dawson sold 10,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total transaction of $244,800.00. Following the sale, the insider now directly owns 5,607 shares of the company's stock, valued at $137,259.36. This represents a 64.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,131 shares of company stock valued at $2,228,585 over the last three months. 6.72% of the stock is owned by company insiders.

IBEX Trading Up 0.1%

NASDAQ IBEX traded up $0.04 on Monday, hitting $28.63. 147,483 shares of the stock were exchanged, compared to its average volume of 129,203. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average price of $24.95 and a two-hundred day moving average price of $23.08. The firm has a market capitalization of $377.69 million, a P/E ratio of 13.44 and a beta of 0.74. IBEX Limited has a 52-week low of $15.15 and a 52-week high of $32.08.

IBEX Company 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.