Wellington Management Group LLP Raises Stock Holdings in IBEX Limited (NASDAQ:IBEX)

Wellington Management Group LLP lifted its holdings in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 545,175 shares of the company's stock after purchasing an additional 23,800 shares during the quarter. Wellington Management Group LLP owned about 4.13% of IBEX worth $11,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IBEX. Squarepoint Ops LLC acquired a new stake in shares of IBEX in the fourth quarter valued at $643,000. Two Sigma Advisers LP increased its holdings in IBEX by 97.7% during the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock worth $3,131,000 after purchasing an additional 72,000 shares during the period. Two Sigma Investments LP raised its position in IBEX by 39.1% in the 4th quarter. Two Sigma Investments LP now owns 115,815 shares of the company's stock valued at $2,489,000 after purchasing an additional 32,525 shares in the last quarter. State of Wyoming purchased a new position in shares of IBEX in the 4th quarter valued at about $119,000. Finally, Man Group plc purchased a new position in shares of IBEX in the 4th quarter valued at about $777,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

IBEX Stock Up 0.4%

IBEX stock traded up $0.13 during midday trading on Wednesday, reaching $29.22. The company's stock had a trading volume of 138,007 shares, compared to its average volume of 132,507. The company has a market cap of $390.73 million, a P/E ratio of 13.72 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. The business has a 50-day simple moving average of $25.71 and a 200-day simple moving average of $23.76. IBEX Limited has a fifty-two week low of $15.15 and a fifty-two week high of $32.08.

Insider Activity

In related news, insider Paul Joseph Inson sold 3,690 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total transaction of $105,497.10. Following the completion of the sale, the insider now owns 17,352 shares in the company, valued at $496,093.68. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBEX. Royal Bank of Canada upped their target price on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note 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 for the company. in a report on Monday, May 12th. Finally, Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

About IBEX

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.