Victory Capital Management Inc. Acquires 3,084 Shares of IBEX Limited (NASDAQ:IBEX)

Victory Capital Management Inc. grew its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 5.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,207 shares of the company’s stock after acquiring an additional 3,084 shares during the period. Victory Capital Management Inc. owned about 0.32% of IBEX worth $893,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in shares of IBEX by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after acquiring an additional 1,874 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of IBEX by 15.7% during the second 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. Private Capital Management LLC raised its stake in shares of IBEX by 14.6% during the first quarter. Private Capital Management LLC now owns 55,465 shares of the company’s stock valued at $856,000 after acquiring an additional 7,069 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of IBEX by 9.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after acquiring an additional 3,191 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after acquiring an additional 218,679 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IBEX shares. Robert W. Baird increased their price objective on shares of IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada increased 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, IBEX has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insiders Place Their Bets

In other IBEX news, Director Shuja Keen sold 6,086 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.46, for a total value of $124,519.56. Following the completion of the sale, the director now directly owns 140,024 shares in the company, valued at $2,864,891.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mohammedulla Khaishgi sold 4,880 shares of IBEX stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.00, for a total transaction of $97,600.00. Following the completion of the transaction, the director now directly owns 296,711 shares in the company, valued at $5,934,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shuja Keen sold 6,086 shares of IBEX stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56. Following the transaction, the director now owns 140,024 shares of the company’s stock, valued at $2,864,891.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,966 shares of company stock worth $521,370. 20.80% of the stock is currently owned by company insiders.

IBEX Trading Down 0.2 %

NASDAQ:IBEX opened at $19.96 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $343.59 million, a price-to-earnings ratio of 13.05 and a beta of 0.73. The firm has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $15.74. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $20.56.

IBEX 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.