US Bancorp DE Takes $41,000 Position in IBEX Limited $IBEX

US Bancorp DE purchased a new stake in shares of IBEX Limited (NASDAQ:IBEX) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,701 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in IBEX by 8,785.7% during the 4th 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 during the last quarter. Tower Research Capital LLC TRC boosted its stake in IBEX by 267.4% during the 4th 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 during the last quarter. Deutsche Bank AG acquired a new position in IBEX during the 4th quarter valued at about $46,000. CWM LLC boosted its stake in IBEX by 392.7% during the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock valued at $69,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in IBEX by 24.5% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Trading Down 0.4%

NASDAQ:IBEX opened at $28.99 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $387.65 million, a PE ratio of 12.66 and a beta of 0.77. The firm’s 50 day moving average is $29.24 and its 200 day moving average is $26.91. IBEX Limited has a 12 month low of $16.31 and a 12 month high of $32.08.

Insider Buying and Selling

In other IBEX news, insider Paul Joseph Inson sold 3,690 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total transaction of $105,497.10. Following the sale, the insider owned 17,352 shares of the company’s stock, valued at $496,093.68. The trade was a 17.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mohammedulla Khaishgi sold 5,000 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $28.01, for a total transaction of $140,050.00. Following the sale, the director directly owned 2,312 shares in the company, valued at $64,759.12. The trade was a 68.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,910 shares of company stock valued at $1,874,647. 6.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IBEX shares. Robert W. Baird cut shares of 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. Baird R W cut shares of IBEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

IBEX Company 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.