Jacobs Levy Equity Management Inc. Sells 39,117 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Jacobs Levy Equity Management Inc. trimmed its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,697 shares of the company's stock after selling 39,117 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.02% of International Money Express worth $5,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company's stock worth $956,000 after purchasing an additional 452 shares during the last quarter. nVerses Capital LLC grew its stake in International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $39,000 after buying an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc raised its holdings in International Money Express by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company's stock worth $454,000 after acquiring an additional 1,658 shares during the period. Riverwater Partners LLC lifted its position in International Money Express by 14.9% during the 2nd quarter. Riverwater Partners LLC now owns 14,833 shares of the company's stock worth $309,000 after acquiring an additional 1,926 shares during the last quarter. Finally, CWM LLC lifted its position in International Money Express by 201.7% during the 2nd quarter. CWM LLC now owns 3,394 shares of the company's stock worth $71,000 after acquiring an additional 2,269 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

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

International Money Express Stock Performance

Shares of NASDAQ:IMXI traded down $0.10 during trading on Friday, hitting $21.11. 116,566 shares of the stock were exchanged, compared to its average volume of 331,297. The company has a market capitalization of $656.52 million, a price-to-earnings ratio of 11.79 and a beta of 0.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a 1-year low of $16.17 and a 1-year high of $23.28. The company's fifty day simple moving average is $19.19 and its 200-day simple moving average is $19.48.

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.