Public Employees Retirement System of Ohio Takes Position in International Money Express, Inc. (NASDAQ:IMXI)

Public Employees Retirement System of Ohio purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 248,665 shares of the company’s stock, valued at approximately $4,598,000. Public Employees Retirement System of Ohio owned approximately 0.80% of International Money Express as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in International Money Express during the third quarter worth about $633,000. American Century Companies Inc. grew its holdings in shares of International Money Express by 44.1% during the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after purchasing an additional 45,068 shares during the last quarter. First Eagle Investment Management LLC increased its position in International Money Express by 46.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock worth $9,946,000 after purchasing an additional 152,464 shares in the last quarter. New South Capital Management Inc. bought a new position in International Money Express in the 3rd quarter valued at approximately $17,055,000. Finally, Samson Rock Capital LLP acquired a new stake in International Money Express in the third quarter valued at approximately $1,276,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Trading Down 1.3 %

NASDAQ IMXI opened at $21.30 on Friday. The firm has a market capitalization of $662.41 million, a PE ratio of 11.90 and a beta of 0.88. The business’s 50-day moving average price is $19.57 and its two-hundred day moving average price is $19.49. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12 month low of $16.17 and a 12 month high of $23.28.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Oppenheimer started coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. BMO Capital Markets increased their target price on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Needham & Company LLC boosted their price target on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Northland Securities upped their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Monness Crespi & Hardt cut their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, International Money Express presently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.