IBEX (NASDAQ:IBEX – Free Report) had its price objective boosted by Robert W. Baird from $20.00 to $23.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.
Separately, Royal Bank of Canada increased their price target on shares of IBEX from $18.00 to $20.00 and gave the company a sector perform rating in a research report on Friday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $20.50.
Check Out Our Latest Research Report on IBEX
IBEX Stock Performance
Hedge Funds Weigh In On IBEX
Several hedge funds and other institutional investors have recently modified their holdings of IBEX. Circumference Group LLC purchased a new position in shares of IBEX in the 4th quarter valued at approximately $7,842,000. Kennedy Capital Management LLC raised its position in shares of IBEX by 341.7% in the 1st quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the last quarter. American Century Companies Inc. raised its position in shares of IBEX by 4.3% in the 2nd 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 last quarter. Private Capital Management LLC purchased a new position in shares of IBEX in the 4th quarter valued at approximately $920,000. Finally, Quadrature Capital Ltd purchased a new position in shares of IBEX in the 1st quarter valued at approximately $349,000. 81.24% of the stock is owned by hedge funds and other institutional investors.
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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