IBEX (NASDAQ:IBEX) Price Target Increased to $20.00 by Analysts at Royal Bank of Canada

IBEX (NASDAQ:IBEX) had its price objective increased by Royal Bank of Canada from $18.00 to $20.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a sector perform rating on the stock.

IBEX Stock Up 16.9 %

Shares of NASDAQ:IBEX opened at $19.55 on Friday. IBEX has a 52-week low of $11.45 and a 52-week high of $20.02. The company has a market capitalization of $336.46 million, a PE ratio of 12.78 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. The company has a fifty day moving average of $16.71 and a 200-day moving average of $15.61.

Hedge Funds Weigh In On IBEX

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC grew its holdings in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after purchasing an additional 218,679 shares during the last quarter. Circumference Group LLC acquired a new position in IBEX in the 4th quarter valued at approximately $7,842,000. Victory Capital Management Inc. raised its stake in shares of IBEX by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock valued at $732,000 after acquiring an additional 3,750 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of IBEX by 96.8% during the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after purchasing an additional 17,521 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of IBEX in the first quarter worth $349,000. Institutional investors and hedge funds own 81.24% 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.