Dimensional Fund Advisors LP Has $16.83 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Dimensional Fund Advisors LP lessened its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 807,710 shares of the company’s stock after selling 6,083 shares during the period. Dimensional Fund Advisors LP owned about 2.47% of International Money Express worth $16,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IMXI. Price T Rowe Associates Inc. MD increased its position in shares of International Money Express by 95.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after acquiring an additional 47,385 shares in the last quarter. Breach Inlet Capital Management LLC purchased a new position in International Money Express during the 4th quarter worth approximately $9,736,000. First Eagle Investment Management LLC grew its position in International Money Express by 27.1% during the 1st quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock worth $7,415,000 after purchasing an additional 69,250 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in International Money Express during the 1st quarter valued at $562,000. Finally, American Century Companies Inc. lifted its holdings in shares of International Money Express by 44.1% in the second quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after purchasing an additional 45,068 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Up 2.0 %

Shares of International Money Express stock opened at $17.51 on Friday. The firm has a market cap of $571.53 million, a price-to-earnings ratio of 10.49 and a beta of 0.81. The stock has a 50-day simple moving average of $18.39 and a 200-day simple moving average of $20.13. International Money Express, Inc. has a 52-week low of $15.76 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88.

International Money Express (NASDAQ:IMXI) last posted its 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 during 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 business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts expect that International Money Express, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IMXI shares. Needham & Company LLC lowered their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Northland Securities lowered their target price on International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. BTIG Research reissued a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Finally, Oppenheimer began coverage on shares of International Money Express in a research report on Tuesday. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.