Charles Schwab Investment Management Inc. Purchases 2,201 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Charles Schwab Investment Management Inc. boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXIFree Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 265,611 shares of the company’s stock after purchasing an additional 2,201 shares during the period. Charles Schwab Investment Management Inc. owned about 0.76% of International Money Express worth $5,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of International Money Express in the fourth quarter valued at approximately $38,000. New York State Teachers Retirement System bought a new position in International Money Express in the 4th quarter valued at $65,000. DekaBank Deutsche Girozentrale bought a new position in International Money Express in the 4th quarter valued at $95,000. SG Americas Securities LLC boosted its stake in International Money Express by 8.1% in the fourth quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock worth $184,000 after purchasing an additional 625 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of International Money Express during the fourth quarter worth $208,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

Shares of NASDAQ:IMXI opened at $20.86 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.24. International Money Express, Inc. has a 1-year low of $15.76 and a 1-year high of $26.25. The stock has a market capitalization of $680.87 million, a P/E ratio of 12.49 and a beta of 0.76. The business has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $21.13.

International Money Express (NASDAQ:IMXIGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. The business had revenue of $150.41 million during the quarter, compared to the consensus estimate of $150.60 million. Equities analysts predict that International Money Express, Inc. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Monness Crespi & Hardt assumed coverage on International Money Express in a report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 price target for the company. BMO Capital Markets boosted their target price on shares of International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of International Money Express in a research note on Thursday, May 9th. Two equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Read Our Latest Report on International Money Express

Insider Transactions at International Money Express

In related news, insider Joseph Aguilar sold 23,700 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the sale, the insider now owns 105,677 shares in the company, valued at $2,232,955.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is owned by corporate insiders.

International Money Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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