Strs Ohio Makes New $390,000 Investment in International Money Express, Inc. (NASDAQ:IMXI)

Strs Ohio purchased a new position in International Money Express, Inc. (NASDAQ:IMXI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,700 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IMXI. SG Americas Securities LLC purchased a new position in shares of International Money Express in the third quarter worth $130,000. Bank of New York Mellon Corp raised its holdings in shares of International Money Express by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 138,045 shares of the company’s stock worth $2,337,000 after buying an additional 4,991 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of International Money Express by 2.7% in the third quarter. Brown Advisory Inc. now owns 1,391,553 shares of the company’s stock worth $23,559,000 after buying an additional 36,505 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of International Money Express by 39.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company’s stock worth $154,000 after buying an additional 2,585 shares during the last quarter. Finally, Foyston Gordon & Payne Inc raised its holdings in shares of International Money Express by 30.6% in the third quarter. Foyston Gordon & Payne Inc now owns 20,140 shares of the company’s stock worth $341,000 after buying an additional 4,721 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Insider Activity at International Money Express

In related news, insider Joseph Aguilar sold 23,700 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $21.13, for a total transaction of $500,781.00. Following the sale, the insider now owns 105,677 shares in the company, valued at $2,232,955.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on IMXI. BMO Capital Markets reduced their target price on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Monness Crespi & Hardt began coverage on shares of International Money Express in a report on Wednesday, March 20th. They set a “buy” rating and a $27.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

International Money Express Trading Up 0.8 %

Shares of International Money Express stock opened at $21.36 on Monday. The stock has a market cap of $720.47 million, a PE ratio of 13.10 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a fifty day moving average price of $21.40 and a 200 day moving average price of $20.58. International Money Express, Inc. has a 1 year low of $15.76 and a 1 year high of $26.71.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $171.78 million for the quarter, compared to analyst estimates of $175.55 million. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. Equities research analysts predict that International Money Express, Inc. will post 2.05 earnings per share for the current year.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.