Boston Partners Trims Position in International Money Express, Inc. (NASDAQ:IMXI)

Boston Partners reduced its position in International Money Express, Inc. (NASDAQ:IMXI) by 1.1% in the first quarter, Holdings Channel.com reports. The fund owned 564,623 shares of the company’s stock after selling 6,480 shares during the quarter. Boston Partners’ holdings in International Money Express were worth $12,739,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in International Money Express by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,163,976 shares of the company’s stock valued at $36,636,000 after purchasing an additional 205,954 shares during the period. SG Americas Securities LLC boosted its position in shares of International Money Express by 8.1% during the 4th quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock valued at $184,000 after acquiring an additional 625 shares during the last quarter. Trust Point Inc. bought a new position in shares of International Money Express in the fourth quarter worth approximately $260,000. Arizona State Retirement System bought a new stake in International Money Express during the fourth quarter valued at approximately $208,000. Finally, International Assets Investment Management LLC bought a new position in shares of International Money Express in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 3.1 %

IMXI stock traded down $0.70 on Friday, reaching $21.60. 379,451 shares of the company traded hands, compared to its average volume of 219,755. The firm has a fifty day simple moving average of $20.80 and a 200-day simple moving average of $20.98. The company has a market cap of $705.02 million, a P/E ratio of 12.93 and a beta of 0.84. International Money Express, Inc. has a one year low of $15.76 and a one year high of $23.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. The company had revenue of $150.41 million during the quarter, compared to the consensus estimate of $150.60 million. Research analysts anticipate that International Money Express, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IMXI. BTIG Research assumed coverage on shares of International Money Express in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 target price for the company. BMO Capital Markets lifted their price objective on International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of International Money Express in a research report on Thursday, May 9th. 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 stock has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.