Cubist Systematic Strategies LLC Buys 15,807 Shares of IBEX Limited (NASDAQ:IBEX)

Cubist Systematic Strategies LLC boosted its stake in IBEX Limited (NASDAQ:IBEX) by 67.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,173 shares of the company’s stock after acquiring an additional 15,807 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of IBEX worth $842,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IBEX. Barclays PLC boosted its holdings in IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock valued at $412,000 after acquiring an additional 10,062 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in IBEX by 386.9% in the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock valued at $387,000 after buying an additional 15,372 shares during the period. Ritholtz Wealth Management lifted its stake in IBEX by 76.9% in the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after buying an additional 14,279 shares during the period. SG Americas Securities LLC acquired a new position in IBEX in the fourth quarter valued at approximately $116,000. Finally, Exchange Traded Concepts LLC acquired a new position in IBEX in the fourth quarter valued at approximately $307,000. 81.24% of the stock is currently owned by institutional investors.

Insider Transactions at IBEX

In related news, Director Mohammedulla Khaishgi sold 12,600 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $27.30, for a total transaction of $343,980.00. Following the completion of the sale, the director now owns 127,712 shares in the company, valued at approximately $3,486,537.60. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 49,931 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the sale, the chief executive officer now owns 213,633 shares of the company’s stock, valued at $5,605,729.92. This trade represents a 18.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,685 shares of company stock valued at $2,712,069 over the last ninety days. 6.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Baird R W lowered IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird lowered IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Monday. Finally, Royal Bank of Canada boosted their price target on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $28.03 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a twelve month low of $14.89 and a twelve month high of $32.08. The stock’s 50 day moving average is $24.70 and its 200-day moving average is $22.80. The firm has a market capitalization of $369.77 million, a price-to-earnings ratio of 13.16 and a beta of 0.74.

IBEX 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.