Bank of America Corp DE Has $855,000 Position in IBEX Limited (NASDAQ:IBEX)

Bank of America Corp DE grew its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 206.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,787 shares of the company's stock after acquiring an additional 26,822 shares during the quarter. Bank of America Corp DE owned 0.24% of IBEX worth $855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IBEX. Russell Investments Group Ltd. grew its holdings in IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after purchasing an additional 1,401 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after buying an additional 2,311 shares during the period. Wells Fargo & Company MN increased its position in shares of IBEX by 24.5% in the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after buying an additional 990 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in IBEX during the 4th quarter worth $116,000. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on IBEX. Robert W. Baird cut IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Monday, May 12th. Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

Insider Transactions at IBEX

In related news, insider Paul Joseph Inson sold 3,690 shares of IBEX stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total value of $105,497.10. Following the sale, the insider now owns 17,352 shares of the company's stock, valued at approximately $496,093.68. This trade represents a 17.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.72% of the stock is owned by insiders.

IBEX Stock Up 0.5%

IBEX traded up $0.16 during trading on Thursday, hitting $30.03. The company had a trading volume of 202,510 shares, compared to its average volume of 135,244. The company has a market capitalization of $401.56 million, a PE ratio of 14.10 and a beta of 0.78. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a one year low of $15.15 and a one year high of $32.08. The firm's 50-day moving average price is $26.33 and its 200 day moving average price is $24.12.

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.