29,929 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,929 shares of the company's stock, valued at approximately $643,000. Squarepoint Ops LLC owned approximately 0.18% of IBEX at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heron Bay Capital Management grew its holdings in IBEX by 4.8% during the 4th quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock worth $379,000 after acquiring an additional 810 shares during the period. Wells Fargo & Company MN grew its holdings in IBEX by 24.5% during the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock worth $108,000 after acquiring an additional 990 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,401 shares during the period. Barclays PLC boosted its position in shares of IBEX by 6.8% during the fourth quarter. Barclays PLC now owns 22,046 shares of the company's stock worth $473,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of IBEX by 8,785.7% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Wall Street Analyst Weigh In

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

IBEX Trading Up 1.2%

Shares of NASDAQ IBEX traded up $0.36 during midday trading on Thursday, reaching $29.58. 147,074 shares of the stock were exchanged, compared to its average volume of 132,970. The business has a 50-day simple moving average of $25.81 and a two-hundred day simple moving average of $23.80. The company has a market capitalization of $395.54 million, a price-to-earnings ratio of 13.89 and a beta of 0.78. IBEX Limited has a 12 month low of $15.15 and a 12 month high of $32.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

Insider Activity at IBEX

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

IBEX 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.