Russell Investments Group Ltd. Has $425,000 Holdings in IBEX Limited $IBEX

Russell Investments Group Ltd. grew its stake in IBEX Limited (NASDAQ:IBEX) by 834.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,433 shares of the company’s stock after buying an additional 15,567 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of IBEX worth $425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE acquired a new position in shares of IBEX in the first quarter valued at approximately $41,000. Tower Research Capital LLC TRC boosted its holdings in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the period. Deutsche Bank AG acquired a new position in shares of IBEX in the fourth quarter valued at approximately $46,000. CWM LLC boosted its holdings in shares of IBEX by 392.7% in the first quarter. CWM LLC now owns 2,853 shares of the company’s stock valued at $69,000 after buying an additional 2,274 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of IBEX by 24.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock valued at $108,000 after buying an additional 990 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other IBEX news, CEO Robert Thomas Dechant sold 4,376 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $30.00, for a total transaction of $131,280.00. Following the sale, the chief executive officer directly owned 193,633 shares of the company’s stock, valued at approximately $5,808,990. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mohammedulla Khaishgi sold 5,000 shares of the company’s stock in a transaction on Monday, June 16th. The stock was 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. This trade represents a 68.38% decrease in their ownership of the stock. 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 corporate insiders.

IBEX Stock Performance

Shares of IBEX opened at $29.53 on Monday. IBEX Limited has a 12 month low of $16.35 and a 12 month high of $32.08. The firm has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $27.22. The stock has a market capitalization of $394.82 million, a price-to-earnings ratio of 12.90 and a beta of 0.77. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01.

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.