WEX Inc. (NYSE:WEX) Shares Sold by Versor Investments LP

Versor Investments LP reduced its holdings in WEX Inc. (NYSE:WEX) by 29.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,534 shares of the business services provider’s stock after selling 650 shares during the quarter. Versor Investments LP’s holdings in WEX were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WEX. Venturi Wealth Management LLC lifted its position in shares of WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in WEX during the third quarter worth $35,000. UMB Bank n.a. lifted its holdings in WEX by 552.5% during the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 221 shares in the last quarter. Covestor Ltd grew its position in shares of WEX by 47.3% in the third quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 89 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of WEX during the third quarter worth about $59,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Down 1.3 %

Shares of NYSE:WEX opened at $155.11 on Tuesday. WEX Inc. has a 52-week low of $146.03 and a 52-week high of $244.04. The stock has a market cap of $6.02 billion, a P/E ratio of 20.68, a PEG ratio of 2.06 and a beta of 1.58. The business has a fifty day moving average of $170.52 and a two-hundred day moving average of $183.56. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, research analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WEX shares. Keefe, Bruyette & Woods decreased their price target on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Citigroup downgraded WEX from a “buy” rating to a “neutral” rating and decreased their target price for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price target on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. William Blair reissued a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Finally, Mizuho lowered their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $195.73.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.