American Century Companies Inc. Purchases 45,068 Shares of International Money Express, Inc. (NASDAQ:IMXI)

American Century Companies Inc. boosted its position in International Money Express, Inc. (NASDAQ:IMXI) by 44.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,260 shares of the company’s stock after acquiring an additional 45,068 shares during the period. American Century Companies Inc. owned 0.45% of International Money Express worth $3,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IMXI. LSV Asset Management lifted its holdings in shares of International Money Express by 3,421.5% in the first quarter. LSV Asset Management now owns 692,853 shares of the company’s stock valued at $15,818,000 after purchasing an additional 673,178 shares in the last quarter. Breach Inlet Capital Management LLC bought a new position in shares of International Money Express in the fourth quarter valued at approximately $9,736,000. First Eagle Investment Management LLC lifted its holdings in shares of 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 valued at $7,415,000 after purchasing an additional 69,250 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of International Money Express by 95.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock valued at $2,217,000 after purchasing an additional 47,385 shares in the last quarter. Finally, Access Investment Management LLC lifted its holdings in shares of 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 valued at $941,000 after purchasing an additional 40,410 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of IMXI opened at $18.64 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57. The stock has a 50 day moving average of $18.73 and a 200 day moving average of $20.23. International Money Express, Inc. has a 12 month low of $15.76 and a 12 month high of $23.28. The company has a market capitalization of $607.85 million, a price-to-earnings ratio of 11.16 and a beta of 0.82.

International Money Express (NASDAQ:IMXI) last released its earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The firm had revenue of $171.53 million during the quarter, compared to analysts’ expectations of $174.89 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that International Money Express, Inc. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

IMXI has been the topic of a number of recent research reports. BTIG Research restated a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Needham & Company LLC decreased their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Northland Securities decreased their price target on International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.17.

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.