Mcmorgan & Co. LLC Has $4.08 Million Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Mcmorgan & Co. LLC raised its stake in International Money Express, Inc. (NASDAQ:IMXI) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,700 shares of the company’s stock after buying an additional 9,305 shares during the quarter. International Money Express accounts for about 0.6% of Mcmorgan & Co. LLC’s portfolio, making the stock its 24th largest position. Mcmorgan & Co. LLC’s holdings in International Money Express were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management grew its holdings in International Money Express by 3,421.5% during 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 during the period. Breach Inlet Capital Management LLC acquired a new position in shares of International Money Express in the 4th quarter valued at $9,736,000. First Eagle Investment Management LLC increased its position in shares of International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after buying an additional 152,464 shares in the last quarter. Renaissance Technologies LLC raised its stake in International Money Express by 83.8% during the 2nd quarter. Renaissance Technologies LLC now owns 130,700 shares of the company’s stock worth $2,724,000 after buying an additional 59,600 shares during the period. Finally, Trexquant Investment LP bought a new position in International Money Express during the fourth quarter worth about $1,223,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Price Performance

Shares of IMXI opened at $18.44 on Thursday. The company has a 50 day moving average of $18.82 and a 200-day moving average of $20.25. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $601.33 million, a P/E ratio of 11.04 and a beta of 0.82. International Money Express, Inc. has a twelve month low of $15.76 and a twelve month high of $23.28.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IMXI shares. Northland Securities cut their price objective on International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reduced their price target on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, BTIG Research restated a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.