Prudential Financial Inc. Buys Shares of 13,035 IBEX Limited (NASDAQ:IBEX)

Prudential Financial Inc. bought a new stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,035 shares of the company's stock, valued at approximately $280,000. Prudential Financial Inc. owned approximately 0.08% of IBEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in IBEX. Heron Bay Capital Management raised its stake in shares of IBEX by 4.8% in the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock worth $379,000 after purchasing an additional 810 shares during the last quarter. FMR LLC raised its holdings in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company's stock valued at $43,000 after purchasing an additional 1,623 shares during the last quarter. Janus Henderson Group PLC lifted its position in IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company's stock valued at $347,000 after purchasing an additional 1,842 shares during the period. State Street Corp grew its position in IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company's stock worth $3,617,000 after purchasing an additional 2,105 shares during the period. Finally, R Squared Ltd bought a new position in shares of IBEX during the 4th quarter valued at $48,000. 81.24% of the stock is owned by institutional investors.

Insider Transactions at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 3,008 shares of IBEX stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $67,680.00. Following the completion of the transaction, the chief executive officer now owns 223,633 shares in the company, valued at approximately $5,031,742.50. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Joseph Inson sold 8,954 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.53, for a total transaction of $246,503.62. Following the completion of the transaction, the insider now owns 21,042 shares of the company's stock, valued at approximately $579,286.26. This trade represents a 29.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,213 shares of company stock valued at $4,414,121 in the last 90 days. Insiders own 6.72% of the company's stock.

IBEX Price Performance

Shares of IBEX traded up $0.06 during mid-day trading on Wednesday, hitting $23.56. 6,740 shares of the stock were exchanged, compared to its average volume of 114,737. The firm has a 50-day moving average of $24.91 and a two-hundred day moving average of $21.91. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $27.83. 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 has a market cap of $310.86 million, a PE ratio of 11.03 and a beta of 0.75.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their target price 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.

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.