Fmr LLC Acquires 1,623 Shares of IBEX Limited (NASDAQ:IBEX)

Fmr LLC increased its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 314.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,139 shares of the company’s stock after purchasing an additional 1,623 shares during the period. Fmr LLC’s holdings in IBEX were worth $43,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of IBEX by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after acquiring an additional 3,450 shares during the period. American Century Companies Inc. lifted its position in shares of IBEX by 4.3% during the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after buying an additional 55,216 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of IBEX by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after buying an additional 1,874 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of IBEX in the 2nd quarter worth approximately $38,000. Finally, Ritholtz Wealth Management bought a new position in shares of IBEX during the 3rd quarter worth approximately $371,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Price Performance

Shares of IBEX stock opened at $20.50 on Thursday. The business has a fifty day moving average of $19.63 and a 200 day moving average of $18.09. The firm has a market capitalization of $343.68 million, a price-to-earnings ratio of 10.85 and a beta of 0.80. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $21.63.

Insider Transactions at IBEX

In related news, Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $19.82, for a total transaction of $396,400.00. Following the completion of the transaction, the director now owns 1,829,739 shares of the company’s stock, valued at $36,265,426.98. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Group International L. Resource sold 2,011 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $20.00, for a total transaction of $40,220.00. Following the completion of the sale, the director now directly owns 5,348,432 shares in the company, valued at approximately $106,968,640. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 387,180 shares of company stock worth $7,737,727 over the last three months. 6.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IBEX has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.