Seizert Capital Partners LLC Purchases 5,803 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Seizert Capital Partners LLC increased its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 3.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 177,610 shares of the company’s stock after acquiring an additional 5,803 shares during the quarter. Seizert Capital Partners LLC’s holdings in International Money Express were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in International Money Express by 95.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after purchasing an additional 47,385 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of International Money Express during the 1st quarter valued at approximately $562,000. American Century Companies Inc. raised its stake in International Money Express by 44.1% during the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock worth $3,069,000 after acquiring an additional 45,068 shares during the period. First Eagle Investment Management LLC lifted its holdings in International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after purchasing an additional 152,464 shares in the last quarter. Finally, New South Capital Management Inc. bought a new position in shares of International Money Express in the third quarter worth approximately $17,055,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Performance

Shares of NASDAQ:IMXI opened at $20.87 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The firm has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $19.39. The stock has a market capitalization of $649.04 million, a P/E ratio of 11.66 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer assumed coverage on shares of International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. 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 lifted their price objective on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets raised their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.