Jacobs Levy Equity Management Inc. Buys 28,207 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Jacobs Levy Equity Management Inc. lifted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262,078 shares of the company’s stock after buying an additional 28,207 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.80% of International Money Express worth $5,983,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its position in International Money Express by 4.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 374,133 shares of the company’s stock worth $8,541,000 after buying an additional 16,222 shares during the period. Aristides Capital LLC bought a new position in shares of International Money Express during the first quarter valued at $342,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of International Money Express by 95.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after purchasing an additional 47,385 shares during the period. Lazard Asset Management LLC grew its stake in shares of International Money Express by 41.5% in the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock worth $143,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Natixis acquired a new stake in International Money Express in the first quarter valued at $571,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Trading Up 2.9 %

IMXI traded up $0.63 during trading on Tuesday, hitting $22.09. The company’s stock had a trading volume of 175,281 shares, compared to its average volume of 223,900. The firm has a market capitalization of $721.02 million, a P/E ratio of 12.85 and a beta of 0.84. International Money Express, Inc. has a twelve month low of $15.76 and a twelve month high of $24.60. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average price is $20.71 and its 200-day moving average price is $20.95.

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

Analysts Set New Price Targets

Several research analysts have commented on IMXI shares. BTIG Research assumed coverage on International Money Express in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of International Money Express in a report on Thursday, May 9th. Finally, BMO Capital Markets raised their price target on shares of International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.