New York State Teachers Retirement System Acquires New Shares in International Money Express, Inc. (NASDAQ:IMXI)

New York State Teachers Retirement System acquired a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,963 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds also recently modified their holdings of IMXI. Wellington Management Group LLP lifted its holdings in International Money Express by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,651,169 shares of the company’s stock worth $27,954,000 after buying an additional 138,002 shares during the period. Ancora Advisors LLC lifted its holdings in International Money Express by 107.6% during the 3rd quarter. Ancora Advisors LLC now owns 103,411 shares of the company’s stock worth $1,751,000 after buying an additional 53,602 shares during the period. Assenagon Asset Management S.A. lifted its holdings in International Money Express by 579.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 434,057 shares of the company’s stock worth $9,588,000 after buying an additional 370,191 shares during the period. SG Americas Securities LLC acquired a new position in International Money Express during the 3rd quarter worth about $130,000. Finally, Mcmorgan & Co. LLC lifted its holdings in International Money Express by 18.6% during the 3rd quarter. Mcmorgan & Co. LLC now owns 153,627 shares of the company’s stock worth $2,601,000 after buying an additional 24,142 shares during the period. Institutional investors and hedge funds 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 business’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 directly owns 105,677 shares of the company’s stock, valued at approximately $2,232,955.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

IMXI has been the topic of several recent research reports. BMO Capital Markets cut their target price on International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Monness Crespi & Hardt assumed coverage on International Money Express in a research report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.00.

International Money Express Stock Performance

IMXI stock opened at $21.35 on Friday. The stock has a 50-day moving average price of $21.33 and a 200-day moving average price of $20.33. International Money Express, Inc. has a 1-year low of $15.76 and a 1-year high of $26.71. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The firm has a market cap of $720.14 million, a PE ratio of 13.10 and a beta of 0.73.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $175.55 million. As a group, equities research analysts expect that International Money Express, Inc. will post 2.05 earnings per share for the current year.

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.