New York State Teachers Retirement System Invests $65,000 in International Money Express, Inc. (NASDAQ:IMXI)

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New York State Teachers Retirement System purchased a new position in International Money Express, Inc. (NASDAQ:IMXIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,963 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in International Money Express by 101.9% in the first quarter. FMR LLC now owns 1,070 shares of the company’s stock valued at $28,000 after acquiring an additional 540 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in International Money Express in the first quarter valued at $32,000. International Assets Investment Management LLC bought a new position in International Money Express in the fourth quarter valued at $38,000. Penserra Capital Management LLC bought a new position in International Money Express in the first quarter valued at $46,000. Finally, Advisor Group Holdings Inc. increased its stake in International Money Express by 259.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,899 shares of the company’s stock valued at $71,000 after acquiring an additional 2,092 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $21.35 on Friday. The stock’s 50-day moving average price is $21.33 and its 200-day moving average price is $20.33. International Money Express, Inc. has a 12-month low of $15.76 and a 12-month high of $26.71. The stock has a market capitalization of $720.14 million, a P/E ratio of 13.10 and a beta of 0.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37.

International Money Express (NASDAQ:IMXIGet Free Report) last announced its quarterly earnings data 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 return on equity of 42.30% and a net margin of 9.03%. The firm had revenue of $171.78 million for the quarter, compared to analysts’ expectations of $175.55 million. On average, equities analysts anticipate that International Money Express, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on 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. Monness Crespi & Hardt began coverage on shares of International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Get Our Latest Report on IMXI

Insider Activity

In related news, insider Joseph Aguilar sold 23,700 shares of the firm’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 sale, the insider now directly owns 105,677 shares of the company’s stock, valued at $2,232,955.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.50% of the company’s stock.

International Money Express Company 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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