Man Group plc Purchases Shares of 36,136 IBEX Limited (NASDAQ:IBEX)

Man Group plc acquired a new position in IBEX Limited (NASDAQ:IBEX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,136 shares of the company's stock, valued at approximately $777,000. Man Group plc owned approximately 0.22% of IBEX at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of IBEX by 386.9% during 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of IBEX in the fourth quarter valued at approximately $116,000. Exchange Traded Concepts LLC purchased a new position in shares of IBEX during the 4th quarter worth $307,000. R Squared Ltd purchased a new position in IBEX during the fourth quarter worth about $48,000. Finally, Allspring Global Investments Holdings LLC grew its position in IBEX by 11.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company's stock worth $738,000 after acquiring an additional 3,588 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

IBEX Stock Performance

IBEX traded down $0.14 during trading on Friday, hitting $28.59. The stock had a trading volume of 11,229 shares, compared to its average volume of 131,076. IBEX Limited has a twelve month low of $15.15 and a twelve month high of $32.08. 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 50-day moving average price is $25.51 and its 200 day moving average price is $23.54. The firm has a market capitalization of $382.31 million, a P/E ratio of 13.43 and a beta of 0.74.

Insider Transactions at IBEX

In other news, insider Bruce Neil Dawson sold 10,000 shares of IBEX stock in a transaction that occurred 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 sale, the insider now directly owns 5,607 shares in the company, valued at approximately $137,259.36. This trade represents a 64.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Joseph Inson sold 3,690 shares of the business's stock in a transaction 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 in the company, valued at approximately $496,093.68. The trade was a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on IBEX. Robert W. Baird downgraded 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. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Royal Bank of Canada boosted their price objective on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th.

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.