Nuveen LLC Takes Position in IBEX Limited $IBEX

Nuveen LLC purchased a new position in IBEX Limited (NASDAQ:IBEX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 93,594 shares of the company’s stock, valued at approximately $2,279,000. Nuveen LLC owned about 0.71% of IBEX as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in IBEX by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock valued at $7,009,000 after acquiring an additional 76,302 shares during the period. Two Sigma Advisers LP lifted its stake in shares of IBEX by 97.7% during the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company’s stock valued at $3,131,000 after buying an additional 72,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of IBEX during the first quarter worth $1,374,000. Denali Advisors LLC boosted its holdings in shares of IBEX by 183.9% in the first quarter. Denali Advisors LLC now owns 73,718 shares of the company’s stock worth $1,795,000 after acquiring an additional 47,756 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of IBEX by 142.5% in the first quarter. Ritholtz Wealth Management now owns 79,682 shares of the company’s stock valued at $1,940,000 after purchasing an additional 46,823 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

IBEX stock opened at $29.53 on Friday. The firm has a market cap of $394.82 million, a P/E ratio of 12.90 and a beta of 0.77. The firm’s fifty day moving average is $29.38 and its 200 day moving average is $27.22. IBEX Limited has a 52 week low of $16.35 and a 52 week high of $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67.

Analysts Set New Price Targets

A number of research analysts have weighed in on IBEX shares. Robert W. Baird lowered IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, May 12th. Baird R W lowered shares of IBEX from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Insider Activity

In other news, insider Paul Joseph Inson sold 10,000 shares of IBEX stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the transaction, the insider owned 7,352 shares in the company, valued at approximately $220,560. The trade was a 57.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mohammedulla Khaishgi sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the completion of the transaction, the director owned 42,312 shares in the company, valued at $1,254,973.92. This represents a 45.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,220 shares of company stock valued at $2,069,150. 6.72% of the stock is currently owned by insiders.

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.