IBEX Limited (NASDAQ:IBEX) Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 78.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,104 shares of the company's stock after acquiring an additional 11,053 shares during the period. Tudor Investment Corp ET AL owned approximately 0.15% of IBEX worth $539,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 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 valued at $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 in the last quarter. R Squared Ltd bought a new stake in shares of IBEX during the fourth quarter valued at approximately $48,000. Quantbot Technologies LP boosted its position in shares of 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, Wells Fargo & Company MN boosted its position in shares of IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after purchasing an additional 990 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBEX has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, 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 note on Monday.

Insiders Place Their Bets

In related news, CEO Robert Thomas Dechant sold 49,931 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the transaction, the chief executive officer now directly owns 213,633 shares of the company's stock, valued at $5,605,729.92. This represents a 18.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Joseph Inson sold 8,954 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $27.53, for a total value of $246,503.62. Following the completion of the sale, the insider now owns 21,042 shares of the company's stock, valued at $579,286.26. This trade represents a 29.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,685 shares of company stock worth $2,712,069 over the last quarter. Company insiders own 6.72% of the company's stock.

IBEX Trading Up 0.5%

Shares of NASDAQ:IBEX traded up $0.14 during trading on Wednesday, hitting $27.78. The company had a trading volume of 77,440 shares, compared to its average volume of 127,079. The company has a fifty day simple moving average of $24.64 and a two-hundred day simple moving average of $22.76. IBEX Limited has a one year low of $14.43 and a one year 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. The stock has a market cap of $366.41 million, a price-to-earnings ratio of 13.04 and a beta of 0.74.

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.