Lazard Asset Management LLC Has $748,000 Holdings in IBEX Limited (NASDAQ:IBEX)

Lazard Asset Management LLC lifted its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 151.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,838 shares of the company's stock after acquiring an additional 20,965 shares during the quarter. Lazard Asset Management LLC owned approximately 0.21% of IBEX worth $748,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in IBEX by 8,785.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after buying an additional 1,401 shares during the period. Deutsche Bank AG bought a new stake in shares of IBEX during the fourth quarter worth approximately $46,000. R Squared Ltd bought a new stake in shares of IBEX during the fourth quarter worth approximately $48,000. Finally, Quantbot Technologies LP lifted its holdings in IBEX by 711.1% in the fourth 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. Institutional investors and hedge funds own 81.24% of the company's stock.

IBEX Trading Down 0.8%

NASDAQ:IBEX traded down $0.24 during trading hours on Monday, hitting $28.60. The stock had a trading volume of 92,147 shares, compared to its average volume of 130,975. The business's 50 day moving average is $25.31 and its 200-day moving average is $23.41. 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 has a market cap of $382.44 million, a price-to-earnings ratio of 13.43 and a beta of 0.74. IBEX Limited has a one year low of $15.15 and a one year high of $32.08.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBEX. Robert W. Baird cut shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a research report on Monday, May 12th. Royal Bank of Canada lifted their price objective on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th.

Insider Buying and Selling

In other IBEX news, insider Bruce Neil Dawson sold 10,000 shares of IBEX 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 completion of the transaction, the insider now directly owns 5,607 shares of the company's stock, valued at $137,259.36. The trade was a 64.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Thomas Dechant sold 49,931 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 213,633 shares in the company, valued at $5,605,729.92. The trade was a 18.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.72% of the stock is owned by corporate insiders.

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.