19,034 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in IBEX Limited (NASDAQ:IBEX) during the 3rd quarter, Holdings Channel reports. The firm acquired 19,034 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares during the period. Janus Henderson Group PLC increased its holdings in IBEX by 11.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after acquiring an additional 1,842 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in IBEX by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after purchasing an additional 1,874 shares in the last quarter. State Street Corp boosted its holdings in shares of IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of IBEX in the second quarter worth about $38,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Stock Performance

NASDAQ:IBEX opened at $20.17 on Tuesday. The stock’s fifty day moving average is $19.50 and its 200 day moving average is $17.88. The firm has a market capitalization of $338.15 million, a PE ratio of 10.67 and a beta of 0.80. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $21.63.

Analysts Set New Price Targets

IBEX has been the subject of a number of research reports. Royal Bank of Canada increased their target price on 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 upped their target price on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Activity

In other IBEX news, Director Group International L. Resource sold 2,011 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $20.00, for a total value of $40,220.00. Following the transaction, the director now owns 5,348,432 shares of the company’s stock, valued at $106,968,640. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mohammedulla Khaishgi sold 4,880 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.00, for a total value of $97,600.00. Following the completion of the sale, the director now owns 296,711 shares in the company, valued at approximately $5,934,220. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,329 shares of company stock valued at $9,021,471. 6.72% of the stock is currently owned by company insiders.

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.