Occudo Quantitative Strategies LP bought a new stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,522 shares of the company's stock, valued at approximately $248,000. Occudo Quantitative Strategies LP owned about 0.07% of IBEX at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Heron Bay Capital Management boosted its holdings in shares of IBEX by 4.8% in the 4th quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock valued at $379,000 after buying an additional 810 shares during the period. Wells Fargo & Company MN boosted its stake in IBEX by 24.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after acquiring an additional 990 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of 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 during the last quarter. Barclays PLC raised its position in shares of IBEX by 6.8% during the 4th quarter. Barclays PLC now owns 22,046 shares of the company's stock worth $473,000 after purchasing an additional 1,410 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of 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 period. 81.24% of the stock is owned by institutional investors and hedge funds.
IBEX Stock Performance
Shares of IBEX traded down $0.28 during mid-day trading on Thursday, reaching $28.72. 16,985 shares of the company's stock traded hands, compared to its average volume of 129,626. 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 business's 50-day moving average price is $25.12 and its 200-day moving average price is $23.16. The stock has a market capitalization of $378.85 million, a P/E ratio of 13.48 and a beta of 0.74. IBEX Limited has a 12 month low of $15.15 and a 12 month high of $32.08.
Analysts Set New Price Targets
IBEX has been the subject of a number of analyst reports. Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research report on Monday, May 12th. Royal Bank of Canada boosted their price target on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Baird R W cut shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.
View Our Latest Stock Analysis on IBEX
Insider Buying and Selling at IBEX
In other IBEX news, CEO Robert Thomas Dechant sold 49,931 shares of the business's 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 sale, the chief executive officer now directly owns 213,633 shares in the company, valued at approximately $5,605,729.92. The trade was a 18.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Neil Dawson sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $137,259.36. This represents a 64.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.72% of the stock is owned by company insiders.
About IBEX
(
Free Report)
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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