International Money Express, Inc. (NASDAQ:IMXI) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 137.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,260 shares of the company’s stock after purchasing 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC boosted 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 worth $39,000 after acquiring an additional 1,200 shares in the last quarter. Quarry LP boosted its position in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after acquiring an additional 2,533 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after acquiring an additional 5,499 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of International Money Express by 973.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock worth $387,000 after acquiring an additional 16,849 shares in the last quarter. Finally, 272 Capital LP acquired a new position in shares of International Money Express during the 3rd quarter worth about $390,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IMXI has been the subject of several analyst reports. Northland Securities upped their price objective on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Monness Crespi & Hardt reduced their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Needham & Company LLC boosted their target price on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $19.91 on Monday. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The company has a market cap of $619.18 million, a P/E ratio of 11.12 and a beta of 0.89. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $20.78 and a 200-day simple moving average of $19.46.

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.