Victory Capital Management Inc. purchased a new stake in shares of IBEX Limited (NASDAQ:IBEX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 26,591 shares of the company’s stock, valued at approximately $565,000. Victory Capital Management Inc. owned 0.15% of IBEX as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of IBEX by 82.7% during the 4th quarter. Legal & General Group Plc now owns 1,047 shares of the company’s stock valued at $26,000 after buying an additional 474 shares during the period. Amalgamated Bank raised its position in IBEX by 80.7% in the fourth quarter. Amalgamated Bank now owns 1,635 shares of the company’s stock valued at $41,000 after purchasing an additional 730 shares during the period. Denali Advisors LLC purchased a new stake in IBEX in the first quarter valued at approximately $59,000. Castleview Partners LLC purchased a new stake in IBEX in the first quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC raised its position in IBEX by 210.4% in the first quarter. Tower Research Capital LLC TRC now owns 3,551 shares of the company’s stock valued at $87,000 after purchasing an additional 2,407 shares during the period. Hedge funds and other institutional investors own 35.84% of the company’s stock.
IBEX Trading Up 0.2 %
Shares of IBEX stock opened at $16.72 on Friday. The firm has a fifty day moving average price of $16.64 and a 200 day moving average price of $19.15. The company has a market cap of $303.80 million, a P/E ratio of 14.19 and a beta of 0.66. IBEX Limited has a 12 month low of $11.45 and a 12 month high of $31.40.
Wall Street Analysts Forecast Growth
IBEX has been the topic of a number of research analyst reports. Citigroup cut their target price on IBEX from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, September 14th. Royal Bank of Canada downgraded shares of IBEX from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $27.00 to $18.00 in a research note on Thursday, September 14th. Piper Sandler dropped their price target on shares of IBEX from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. TheStreet downgraded shares of IBEX from a “b-” rating to a “c+” rating in a research note on Thursday, October 5th. Finally, Truist Financial dropped their price target on shares of IBEX from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.17.
Check Out Our Latest Report on IBEX
About IBEX
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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