Jane Street Group LLC Buys 15,999 Shares of IBEX Limited (NASDAQ:IBEX)

Jane Street Group LLC lifted its stake in shares of IBEX Limited (NASDAQ:IBEX) by 114.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,960 shares of the company’s stock after purchasing an additional 15,999 shares during the quarter. Jane Street Group LLC’s holdings in IBEX were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBEX. FMR LLC lifted its position in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares in the last quarter. Janus Henderson Group PLC lifted its position 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 in the last quarter. State Street Corp lifted its position in IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after acquiring an additional 2,105 shares in the last quarter. Meeder Asset Management Inc. bought a new position in IBEX in the 2nd quarter valued at about $38,000. Finally, Dimensional Fund Advisors LP lifted its position in IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after acquiring an additional 3,052 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

IBEX Stock Up 0.4 %

Shares of NASDAQ IBEX opened at $21.78 on Friday. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $22.43. The stock’s 50 day moving average price is $20.08 and its 200-day moving average price is $18.36. The company has a market capitalization of $365.14 million, a PE ratio of 11.52 and a beta of 0.80.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IBEX shares. Robert W. Baird raised their price target 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. Royal Bank of Canada boosted their target price on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Two 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Transactions at IBEX

In related news, Director Group International L. Resource sold 54,517 shares of IBEX stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $20.01, for a total value of $1,090,885.17. Following the sale, the director now owns 5,293,915 shares of the company’s stock, valued at approximately $105,931,239.15. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.03, for a total transaction of $373,787.26. Following the completion of the sale, the director now directly owns 1,719,739 shares in the company, valued at $32,726,633.17. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 356,496 shares of company stock worth $7,164,685 in the last 90 days. Insiders own 6.72% of the company’s stock.

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.