Teacher Retirement System of Texas Has $2.39 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Teacher Retirement System of Texas lifted its stake in International Money Express, Inc. (NASDAQ:IMXI) by 32.2% during the fourth quarter, HoldingsChannel reports. The fund owned 114,625 shares of the company’s stock after purchasing an additional 27,929 shares during the quarter. Teacher Retirement System of Texas’ holdings in International Money Express were worth $2,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. purchased a new position in International Money Express in the third quarter valued at about $633,000. Barclays PLC grew its stake in shares of International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after buying an additional 42,367 shares in the last quarter. Forager Capital Management LLC grew its stake in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after buying an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock worth $4,088,000 after buying an additional 17,452 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in International Money Express during the third quarter valued at approximately $4,598,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IMXI has been the topic of several analyst reports. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Needham & Company LLC lowered their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, UBS Group reduced their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.50.

International Money Express Price Performance

IMXI stock opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a 50-day moving average of $16.87 and a two-hundred day moving average of $18.64. The stock has a market capitalization of $412.88 million, a price-to-earnings ratio of 7.53 and a beta of 0.87. International Money Express, Inc. has a 52-week low of $12.82 and a 52-week high of $23.28.

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.