Principal Financial Group Inc. Makes New $633,000 Investment in International Money Express, Inc. (NASDAQ:IMXI)

Principal Financial Group Inc. purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,258 shares of the company’s stock, valued at approximately $633,000. Principal Financial Group Inc. owned 0.11% of International Money Express as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IMXI. 272 Capital LP acquired a new position in International Money Express in the 3rd quarter valued at $1,113,000. SkyView Investment Advisors LLC grew its position in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after purchasing an additional 637 shares during the last quarter. Barclays PLC increased its stake in shares of International Money Express by 137.1% in the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock worth $1,355,000 after purchasing an additional 42,367 shares during the period. Forager Capital Management LLC increased its stake in shares of International Money Express by 27.1% in the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares during the period. Finally, First Sabrepoint Capital Management LP acquired a new position in shares of International Money Express during the 3rd quarter worth about $2,752,000. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Northland Securities upped their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC boosted their target price on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Oppenheimer assumed coverage on shares of International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Monness Crespi & Hardt reduced their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Trading Down 0.4 %

Shares of International Money Express stock opened at $20.52 on Monday. The company’s fifty day moving average price is $20.50 and its two-hundred day moving average price is $19.47. The firm has a market capitalization of $638.15 million, a PE ratio of 11.46 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. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

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.