Schwartz Investment Counsel Inc. Reduces Stake in International Money Express, Inc. (NASDAQ:IMXI)

Schwartz Investment Counsel Inc. lowered its position in International Money Express, Inc. (NASDAQ:IMXI) by 39.9% in the 3rd quarter, Holdings Channel reports. The firm owned 68,500 shares of the company’s stock after selling 45,500 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in International Money Express were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IMXI. Janney Montgomery Scott LLC bought a new stake in International Money Express in the first quarter worth about $562,000. Access Investment Management LLC lifted its stake in International Money Express by 5,051.3% in the first quarter. Access Investment Management LLC now owns 41,210 shares of the company’s stock worth $941,000 after purchasing an additional 40,410 shares during the last quarter. LSV Asset Management lifted its stake in International Money Express by 3,421.5% in the first quarter. LSV Asset Management now owns 692,853 shares of the company’s stock worth $15,818,000 after purchasing an additional 673,178 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in International Money Express by 26.8% in the first quarter. Russell Investments Group Ltd. now owns 124,647 shares of the company’s stock worth $2,846,000 after purchasing an additional 26,355 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in International Money Express by 27.1% in the first quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock worth $7,415,000 after purchasing an additional 69,250 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on IMXI shares. Northland Securities decreased their price objective on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Oppenheimer initiated coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Finally, Needham & Company LLC decreased their price target on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.40.

International Money Express Stock Performance

Shares of IMXI stock opened at $17.58 on Friday. The firm has a market cap of $573.81 million, a price-to-earnings ratio of 10.53 and a beta of 0.81. The company’s 50 day moving average is $17.93 and its 200 day moving average is $19.68. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a 52-week low of $15.76 and a 52-week high of $23.28.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current fiscal 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.