Northern Trust Corp Has $6.06 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Northern Trust Corp boosted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 290,815 shares of the company’s stock after purchasing an additional 9,990 shares during the period. Northern Trust Corp owned 0.94% of International Money Express worth $6,058,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after buying an additional 2,182 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of International Money Express by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after acquiring an additional 3,753 shares during the period. Investment Management Associates Inc. ADV raised its holdings in shares of International Money Express by 1.9% in the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock valued at $18,731,000 after purchasing an additional 16,530 shares during the period. Bank of New York Mellon Corp lifted its stake in International Money Express by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock valued at $2,375,000 after purchasing an additional 11,388 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in International Money Express during the fourth quarter worth about $332,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Performance

IMXI opened at $11.71 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $352.80 million, a PE ratio of 6.54 and a beta of 1.23. The business has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $16.93. International Money Express, Inc. has a 1 year low of $10.07 and a 1 year high of $22.38.

Analyst Ratings Changes

IMXI has been the topic of several research analyst reports. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. BMO Capital Markets downgraded International Money Express from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of International Money Express in a report on Monday, April 7th. Finally, UBS Group cut their target price on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, International Money Express has an average rating of “Hold” and a consensus price target of $20.50.

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.