Segall Bryant & Hamill LLC Purchases 11,661 Shares of IBEX Limited (NASDAQ:IBEX)

Segall Bryant & Hamill LLC lifted its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 21.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,072 shares of the company's stock after acquiring an additional 11,661 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.50% of IBEX worth $1,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IBEX. Russell Investments Group Ltd. raised its position 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 in the last quarter. Tower Research Capital LLC TRC raised its position in IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after purchasing an additional 1,401 shares in the last quarter. Deutsche Bank AG purchased a new stake in IBEX during the fourth quarter valued at about $46,000. Quantbot Technologies LP raised its position in IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after purchasing an additional 2,311 shares in the last quarter. Finally, CWM LLC raised its position in IBEX by 392.7% during the first quarter. CWM LLC now owns 2,853 shares of the company's stock valued at $69,000 after purchasing an additional 2,274 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

IBEX Trading Down 2.0%

NASDAQ:IBEX opened at $29.63 on Friday. IBEX Limited has a one year low of $15.15 and a one year high of $32.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $396.21 million, a price-to-earnings ratio of 12.94 and a beta of 0.77. The business has a fifty day moving average price of $29.04 and a 200-day moving average price of $25.79.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBEX. Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a report on Monday, May 12th.

Insider Buying and Selling at IBEX

In other IBEX news, insider Paul Joseph Inson sold 3,690 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total transaction of $105,497.10. Following the completion of the transaction, the insider owned 17,352 shares of the company's stock, valued at $496,093.68. This represents a 17.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mohammedulla Khaishgi sold 35,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the completion of the transaction, the director directly owned 42,312 shares of the company's stock, valued at approximately $1,254,973.92. The trade was a 45.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,910 shares of company stock valued at $1,874,647 in the last 90 days. Insiders own 6.72% of the company's stock.

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.

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