Jane Street Group LLC Purchases 15,999 Shares of IBEX Limited (NASDAQ:IBEX)

Jane Street Group LLC grew its position in IBEX Limited (NASDAQ:IBEX) by 114.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 29,960 shares of the company’s stock after acquiring an additional 15,999 shares during the period. Jane Street Group LLC owned 0.18% of IBEX worth $599,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IBEX. Bank of New York Mellon Corp lifted its stake in shares of IBEX by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after acquiring an additional 3,759 shares during the last quarter. Victory Capital Management Inc. increased its holdings in IBEX by 5.9% in the second quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock valued at $893,000 after purchasing an additional 3,084 shares during the period. American Century Companies Inc. increased its holdings in IBEX by 4.3% in the second quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after purchasing an additional 55,216 shares during the period. Meeder Asset Management Inc. acquired a new stake in IBEX in the second quarter valued at $38,000. Finally, Dimensional Fund Advisors LP increased its holdings in IBEX by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 3,052 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on IBEX shares. Robert W. Baird increased their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, IBEX has an average rating of “Moderate Buy” and a consensus price target of $21.25.

IBEX Trading Up 0.4 %

Shares of IBEX stock opened at $21.78 on Friday. The business has a 50-day moving average price of $20.08 and a two-hundred day moving average price of $18.36. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $22.43. The company has a market cap of $365.14 million, a P/E ratio of 11.52 and a beta of 0.80.

Insiders Place Their Bets

In other IBEX news, Director Gem G.P. L.P. Pinebridge II sold 19,642 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.03, for a total transaction of $373,787.26. Following the completion of the sale, the director now directly owns 1,719,739 shares in the company, valued at approximately $32,726,633.17. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Group International L. Resource sold 54,517 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.01, for a total transaction of $1,090,885.17. Following the transaction, the director now directly owns 5,293,915 shares in the company, valued at $105,931,239.15. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 356,496 shares of company stock worth $7,164,685. 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.