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

Victory Capital Management Inc. lifted its position in shares of IBEX Limited (NASDAQ:IBEX) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,207 shares of the company’s stock after purchasing an additional 3,084 shares during the period. Victory Capital Management Inc.’s holdings in IBEX were worth $893,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IBEX. Quadrature Capital Ltd bought a new position in shares of IBEX during the first quarter valued at about $349,000. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 3,759 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 purchasing an additional 1,874 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 purchasing an additional 3,191 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of IBEX by 96.8% during the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock valued at $677,000 after purchasing an additional 17,521 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IBEX shares. Royal Bank of Canada raised 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, September 13th. Robert W. Baird lifted 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. Two equities research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Insider Activity

In other news, Director Shuja Keen sold 6,086 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 140,024 shares of the company’s stock, valued at $2,864,891.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Shuja Keen sold 6,086 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.46, for a total transaction of $124,519.56. Following the completion of the transaction, the director now owns 140,024 shares of the company’s stock, valued at $2,864,891.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mohammedulla Khaishgi sold 4,880 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.00, for a total transaction of $97,600.00. Following the transaction, the director now directly owns 296,711 shares of the company’s stock, valued at approximately $5,934,220. The disclosure for this sale can be found here. Insiders have sold a total of 25,966 shares of company stock valued at $521,370 over the last quarter. Company insiders own 20.80% of the company’s stock.

IBEX Stock Performance

Shares of IBEX stock opened at $19.96 on Friday. The firm has a market cap of $343.59 million, a price-to-earnings ratio of 13.05 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56. The firm’s 50-day simple moving average is $17.07 and its two-hundred day simple moving average is $15.74.

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.