INTERNATIONAL MONEY EXPRESS, INC. $IMXI Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in International Money Express, Inc. by 45.7%, acquiring an additional 115,239 shares during the first quarter.
• Multiple hedge funds modified their holdings in International Money Express, with institutions now owning 86.71% of the company's stock.
• Analyst ratings for International Money Express have varied, with Zacks downgrading it to a "strong sell" while Wall Street Zen upgraded it to a "buy," reflecting a mixed outlook on the stock.

American Century Companies Inc. raised its position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 45.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,139 shares of the company's stock after buying an additional 115,239 shares during the period. American Century Companies Inc. owned about 1.22% of INTERNATIONAL MONEY EXPRESS worth $4,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management raised its stake in shares of INTERNATIONAL MONEY EXPRESS by 4.0% in the first quarter. LSV Asset Management now owns 1,126,303 shares of the company's stock valued at $14,214,000 after acquiring an additional 43,523 shares in the last quarter. Royce & Associates LP raised its stake in shares of INTERNATIONAL MONEY EXPRESS by 0.6% in the first quarter. Royce & Associates LP now owns 648,711 shares of the company's stock valued at $8,187,000 after acquiring an additional 4,001 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of INTERNATIONAL MONEY EXPRESS by 31.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 326,180 shares of the company's stock valued at $6,794,000 after acquiring an additional 77,515 shares in the last quarter. Northern Trust Corp raised its stake in shares of INTERNATIONAL MONEY EXPRESS by 3.6% in the fourth quarter. Northern Trust Corp now owns 290,815 shares of the company's stock valued at $6,058,000 after acquiring an additional 9,990 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in shares of INTERNATIONAL MONEY EXPRESS by 56.6% in the first quarter. Seizert Capital Partners LLC now owns 272,135 shares of the company's stock valued at $3,434,000 after acquiring an additional 98,394 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Northland Capmk cut INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. UBS Group cut their price target on INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets cut INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and cut their price target for the company from $18.00 to $11.00 in a research note on Friday, May 9th. Finally, Zacks Research cut INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.60.

INTERNATIONAL MONEY EXPRESS Stock Performance

Shares of IMXI traded down $0.11 during midday trading on Thursday, reaching $14.57. 263,653 shares of the stock were exchanged, compared to its average volume of 1,298,777. The business's 50-day moving average price is $11.59 and its 200 day moving average price is $12.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63. INTERNATIONAL MONEY EXPRESS, INC. has a twelve month low of $8.58 and a twelve month high of $22.37. The company has a market capitalization of $432.44 million, a price-to-earnings ratio of 8.88 and a beta of 0.96.

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.