International Money ExpressIMXI
Market Cap: $612M
About: International Money Express Inc is a processor of money transfer services in the USA to the Latin America and the Caribbean (LAC) corridor. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
Employees: 1,387
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
42% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 57
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
1% less funds holding
Funds holding: 183 [Q1] → 181 (-2) [Q2]
1.96% less ownership
Funds ownership: 86.54% [Q1] → 84.59% (-1.96%) [Q2]
14% less capital invested
Capital invested by funds: $666M [Q1] → $575M (-$91.2M) [Q2]
98% less call options, than puts
Call options by funds: $125K | Put options by funds: $6.72M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Northland Capital Markets Mike Grondahl 41% 1-year accuracy 7 / 17 met price target | 23%upside $23 | Outperform Maintained | 8 Aug 2024 |
Needham Mayank Tandon 64% 1-year accuracy 70 / 110 met price target | 17%upside $22 | Buy Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 4 articles about IMXI published over the past 30 days