International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its stake in International Money Express, Inc. (NASDAQ:IMXI) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,741 shares of the company’s stock after selling 3,869 shares during the period. Seizert Capital Partners LLC owned approximately 0.56% of International Money Express worth $3,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in shares of International Money Express in the fourth quarter valued at approximately $332,000. Bank of New York Mellon Corp increased its holdings in shares of International Money Express by 11.1% in the fourth quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock valued at $2,375,000 after purchasing an additional 11,388 shares during the period. Investment Management Associates Inc. ADV increased its holdings in shares of International Money Express by 1.9% in the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock valued at $18,731,000 after purchasing an additional 16,530 shares during the period. Principal Financial Group Inc. increased its holdings in shares of International Money Express by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after purchasing an additional 3,753 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IMXI. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group decreased their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday. BMO Capital Markets lifted their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Northland Securities lifted their price target on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC decreased their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.50.

International Money Express Stock Performance

International Money Express stock opened at $14.70 on Wednesday. The firm has a market capitalization of $457.16 million, a P/E ratio of 8.21 and a beta of 0.87. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average price of $19.26 and a 200 day moving average price of $19.13. International Money Express, Inc. has a 52 week low of $14.67 and a 52 week high of $23.28.

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.