Cubist Systematic Strategies LLC Purchases 15,807 Shares of IBEX Limited (NASDAQ:IBEX)

Cubist Systematic Strategies LLC grew its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 67.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,173 shares of the company's stock after purchasing an additional 15,807 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.23% of IBEX worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of IBEX by 386.9% in the 3rd 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 during the period. Sanctuary Advisors LLC acquired a new position in shares of IBEX in the 4th quarter valued at about $1,411,000. Ritholtz Wealth Management lifted its stake in shares of IBEX by 76.9% in the 4th 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 during the period. Barclays PLC lifted its stake in shares of IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares during the period. Finally, SG Americas Securities LLC acquired a new position in IBEX during the 4th quarter worth approximately $116,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bruce Neil Dawson sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.48, for a total value of $244,800.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.50, for a total value of $333,900.00. Following the transaction, the director now directly owns 89,912 shares of the company's stock, valued at approximately $2,382,668. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,531 shares of company stock valued at $1,888,889 over the last three months. Corporate insiders own 6.72% of the company's stock.

Analyst Ratings Changes

IBEX has been the topic of a number of research reports. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research note on Monday, May 12th. Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada boosted their price objective on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th.

IBEX Stock Down 0.2%

IBEX traded down $0.06 during midday trading on Tuesday, reaching $28.58. 18,150 shares of the company were exchanged, compared to its average volume of 128,767. The company has a market cap of $376.96 million, a price-to-earnings ratio of 13.42 and a beta of 0.74. 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 company's fifty day moving average price is $24.95 and its 200 day moving average price is $23.08. IBEX Limited has a one year low of $15.15 and a one year 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.