State Street Corp Purchases 2,105 Shares of IBEX Limited (NASDAQ:IBEX)

State Street Corp boosted its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,035 shares of the company’s stock after buying an additional 2,105 shares during the quarter. State Street Corp owned approximately 1.08% of IBEX worth $3,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IBEX. FMR LLC boosted its holdings in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after acquiring an additional 1,623 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of IBEX during the 2nd quarter valued at $38,000. Janus Henderson Group PLC raised its stake in IBEX by 11.9% in the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares in the last quarter. Ritholtz Wealth Management bought a new position in IBEX in the 3rd quarter valued at about $371,000. Finally, Martingale Asset Management L P raised its position in shares of IBEX by 110.9% in the 3rd quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock valued at $434,000 after buying an additional 11,421 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

IBEX Stock Performance

NASDAQ IBEX opened at $21.45 on Tuesday. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $21.96. The company has a 50-day simple moving average of $19.74 and a 200 day simple moving average of $18.18. The company has a market capitalization of $359.50 million, a PE ratio of 11.35 and a beta of 0.80.

Wall Street Analyst Weigh In

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

Insider Activity

In other IBEX news, Director Shuja Keen sold 17,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.27, for a total value of $344,590.00. Following the sale, the director now owns 71,110 shares of the company’s stock, valued at $1,441,399.70. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $19.05, for a total transaction of $381,000.00. Following the completion of the sale, the director now directly owns 1,754,739 shares in the company, valued at $33,427,777.95. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 376,496 shares of company stock valued at $7,549,485 over the last quarter. Company insiders own 6.72% of the company’s stock.

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.