JPMorgan Chase & Co. lifted its holdings in IBEX Limited (NASDAQ:IBEX – Free Report) by 386.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,345 shares of the company’s stock after buying an additional 15,372 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of IBEX worth $387,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of IBEX. Jane Street Group LLC lifted its holdings in IBEX by 114.6% in the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after acquiring an additional 15,999 shares during the last quarter. Barclays PLC raised its position in shares of IBEX by 95.2% during the 3rd quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after purchasing an additional 10,062 shares during the period. Quadrature Capital Ltd bought a new stake in shares of IBEX in the 3rd quarter worth approximately $522,000. Janus Henderson Group PLC boosted its position in IBEX by 11.9% during the 3rd 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 during the period. Finally, Victory Capital Management Inc. grew its stake in IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after buying an additional 3,450 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.
IBEX Price Performance
Shares of IBEX stock opened at $22.32 on Thursday. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $22.53. The business’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $19.07. The company has a market capitalization of $374.08 million, a P/E ratio of 11.81 and a beta of 0.78.
Analyst Ratings Changes
Separately, Robert W. Baird upped their price target on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two 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 presently has an average rating of “Moderate Buy” and an average price target of $21.25.
Read Our Latest Stock Analysis on IBEX
Insider Buying and Selling
In other IBEX news, Director Group International L. Resource sold 2,011 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $20.00, for a total value of $40,220.00. Following the sale, the director now directly owns 5,348,432 shares in the company, valued at approximately $106,968,640. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gem G.P. L.P. Pinebridge II sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. Following the transaction, the insider now owns 1,309,781 shares of the company’s stock, valued at approximately $26,195,620. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,694 shares of company stock valued at $6,653,798 over the last quarter. Corporate 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.
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