3,400 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in IBEX Limited (NASDAQ:IBEX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,400 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBEX. American Century Companies Inc. lifted its holdings in IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after buying an additional 55,216 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of IBEX during the 3rd quarter valued at approximately $556,000. Quadrature Capital Ltd bought a new position in IBEX during the 3rd quarter valued at $522,000. Ritholtz Wealth Management bought a new stake in IBEX in the third quarter valued at about $371,000. Finally, Jane Street Group LLC lifted its stake in IBEX by 114.6% during the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after purchasing an additional 15,999 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at IBEX

In other IBEX news, major shareholder Gem G.P. L.P. Pinebridge II sold 25,878 shares of IBEX stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.75, for a total transaction of $536,968.50. Following the transaction, the insider now owns 1,545,861 shares of the company’s stock, valued at $32,076,615.75. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mohammedulla Khaishgi sold 1,883 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $37,660.00. Following the sale, the director now owns 99,636 shares of the company’s stock, valued at approximately $1,992,720. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 407,180 shares of company stock valued at $8,135,527 over the last ninety days. Corporate insiders own 6.72% of the company’s stock.

IBEX Stock Up 1.3 %

Shares of IBEX stock opened at $20.28 on Monday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.63. The firm has a market capitalization of $339.99 million, a PE ratio of 10.73 and a beta of 0.80. The stock’s fifty day moving average is $19.57 and its 200-day moving average is $17.99.

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.