Public Employees Retirement System of Ohio Buys New Shares 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, HoldingsChannel.com reports. The firm purchased 248,665 shares of the company’s stock, valued at approximately $4,598,000.

A number of other large investors have also recently bought and sold shares of IMXI. Villanova Investment Management Co LLC boosted its position in shares of International Money Express by 12.0% during the 3rd quarter. Villanova Investment Management Co LLC now owns 131,939 shares of the company’s stock valued at $2,440,000 after purchasing an additional 14,091 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock worth $28,788,000 after buying an additional 109,293 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of International Money Express during the 3rd quarter worth approximately $4,854,000. ArrowMark Colorado Holdings LLC increased its stake in shares of International Money Express by 17.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock valued at $18,396,000 after acquiring an additional 145,686 shares in the last quarter. Finally, 272 Capital LP acquired a new position in shares of International Money Express during the 3rd quarter valued at $390,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMXI has been the subject of several research analyst reports. Needham & Company LLC lifted their price target on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt decreased their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Northland Securities boosted their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, BMO Capital Markets increased their target price on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Price Performance

IMXI stock opened at $21.30 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The business has a 50-day simple moving average of $19.57 and a two-hundred day simple moving average of $19.49. The company has a market capitalization of $662.41 million, a P/E ratio of 11.90 and a beta of 0.88. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28.

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.