State Street Corp Sells 2,108 Shares of International Money Express, Inc. (NASDAQ:IMXI)

State Street Corp lowered its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 734,819 shares of the company’s stock after selling 2,108 shares during the quarter. State Street Corp owned approximately 2.36% of International Money Express worth $13,587,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after purchasing an additional 452 shares during the last quarter. nVerses Capital LLC raised its position in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc grew its stake in shares of International Money Express by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock worth $454,000 after purchasing an additional 1,658 shares during the period. Quarry LP increased its holdings in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in shares of International Money Express by 6.4% during the 3rd quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock worth $783,000 after buying an additional 2,563 shares during the period. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $20.70 on Thursday. The company has a fifty day moving average price of $20.06 and a 200 day moving average price of $19.47. The firm has a market cap of $643.75 million, a PE ratio of 11.56 and a beta of 0.88. 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 1-year low of $16.17 and a 1-year high of $23.28.

Wall Street Analysts Forecast Growth

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

International Money Express Company 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.