Principal Financial Group Inc. Invests $633,000 in International Money Express, Inc. (NASDAQ:IMXI)

Principal Financial Group Inc. purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,258 shares of the company’s stock, valued at approximately $633,000.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC lifted its holdings in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Money Express during the 2nd quarter worth about $91,000. Quarry LP lifted its holdings in International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. boosted its position in International Money Express by 1,277.5% in the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after buying an additional 5,621 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after buying an additional 637 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

International Money Express Stock Down 0.4 %

NASDAQ IMXI opened at $20.52 on Monday. The stock has a fifty day moving average of $20.50 and a 200-day moving average of $19.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $638.15 million, a P/E ratio of 11.46 and a beta of 0.88. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28.

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.