IBEX Limited (NASDAQ:IBEX) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in shares of IBEX Limited (NASDAQ:IBEX) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,832 shares of the company’s stock after purchasing an additional 2,542 shares during the period. D. E. Shaw & Co. Inc. owned 0.38% of IBEX worth $1,372,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of IBEX by 386.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock valued at $387,000 after buying an additional 15,372 shares during the period. Sanctuary Advisors LLC acquired a new stake in IBEX during the fourth quarter worth $1,411,000. SG Americas Securities LLC acquired a new position in shares of IBEX in the 4th quarter valued at $116,000. Voya Investment Management LLC purchased a new position in shares of IBEX during the 4th quarter worth $205,000. Finally, Denali Advisors LLC purchased a new position in shares of IBEX during the 4th quarter worth $558,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Down 0.6%

Shares of NASDAQ:IBEX opened at $28.84 on Friday. The firm has a market capitalization of $380.46 million, a PE ratio of 13.54 and a beta of 0.74. IBEX Limited has a 1 year low of $15.15 and a 1 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 firm’s 50-day moving average is $25.19 and its two-hundred day moving average is $23.23.

Insider Transactions at IBEX

In related news, insider Bruce Neil Dawson sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total transaction of $244,800.00. Following the completion of the transaction, the insider now owns 5,607 shares in the company, valued at approximately $137,259.36. The trade was a 64.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the sale, the chief executive officer now directly owns 213,633 shares in the company, valued at $5,605,729.92. This trade represents a 18.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Baird R W lowered shares of IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Royal Bank of Canada lifted 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. Finally, Robert W. Baird lowered IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Monday, May 12th.

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.