Barclays PLC Has $1.36 Million Stake in International Money Express, Inc. (NASDAQ:IMXI)

Barclays PLC boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 137.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,260 shares of the company’s stock after acquiring an additional 42,367 shares during the quarter. Barclays PLC’s holdings in International Money Express were worth $1,355,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of International Money Express by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,966 shares of the company’s stock valued at $2,646,000 after purchasing an additional 6,970 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in International Money Express during the second quarter worth approximately $91,000. Rhumbline Advisers raised its stake in International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after buying an additional 452 shares during the period. LSV Asset Management lifted its position in shares of International Money Express by 5.2% in the second quarter. LSV Asset Management now owns 728,977 shares of the company’s stock valued at $15,192,000 after buying an additional 36,124 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of International Money Express by 238.9% during the 2nd quarter. Quest Partners LLC now owns 24,883 shares of the company’s stock worth $519,000 after acquiring an additional 17,540 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

NASDAQ IMXI opened at $20.64 on Friday. The firm has a 50-day moving average price of $20.21 and a two-hundred day moving average price of $19.49. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a market capitalization of $641.88 million, a P/E ratio of 11.53 and a beta of 0.88. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets upped their price objective 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. Northland Securities raised their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Oppenheimer started coverage on shares of International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Monness Crespi & Hardt lowered their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

About International Money Express

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.