Zurcher Kantonalbank Zurich Cantonalbank Sells 1,800 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in International Money Express, Inc. (NASDAQ:IMXI) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,271 shares of the company’s stock after selling 1,800 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in International Money Express were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in International Money Express in the fourth quarter worth about $38,000. New York State Teachers Retirement System purchased a new stake in shares of International Money Express in the 4th quarter worth approximately $65,000. DekaBank Deutsche Girozentrale bought a new position in International Money Express during the 4th quarter valued at approximately $95,000. SG Americas Securities LLC purchased a new position in International Money Express during the third quarter valued at $130,000. Finally, Arizona State Retirement System bought a new stake in International Money Express in the fourth quarter worth $208,000. Institutional investors own 86.71% of the company’s stock.

Insider Buying and Selling at International Money Express

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

International Money Express Trading Up 2.2 %

International Money Express stock opened at $20.02 on Thursday. International Money Express, Inc. has a one year low of $15.76 and a one year high of $26.25. The business’s fifty day moving average is $21.27 and its 200 day moving average is $20.75. The stock has a market capitalization of $675.27 million, a PE ratio of 12.28 and a beta of 0.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94.

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

Wall Street Analyst Weigh In

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

International Money Express Profile

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.