WEX Inc. (NYSE:WEX) Position Lessened by Swiss National Bank

Swiss National Bank lowered its position in WEX Inc. (NYSE:WEX) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,726 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Swiss National Bank owned approximately 0.20% of WEX worth $14,153,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC increased its stake in shares of WEX by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 1,686 shares of the business services provider’s stock worth $296,000 after purchasing an additional 78 shares during the last quarter. HighTower Advisors LLC increased its position in WEX by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 6,619 shares of the business services provider’s stock worth $1,160,000 after buying an additional 183 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of WEX in the fourth quarter worth about $28,689,000. River Road Asset Management LLC lifted its position in shares of WEX by 0.7% in the fourth quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider’s stock worth $127,255,000 after buying an additional 5,377 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of WEX by 2.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,174 shares of the business services provider’s stock worth $1,082,000 after acquiring an additional 150 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Trading Down 0.7 %

WEX stock opened at $154.55 on Thursday. WEX Inc. has a 12 month low of $146.03 and a 12 month high of $244.04. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The business has a 50 day moving average price of $165.43 and a two-hundred day moving average price of $180.90. 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 issued its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, equities analysts forecast that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

WEX has been the subject of several analyst reports. UBS Group reduced their target price on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, February 7th. William Blair reaffirmed a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Robert W. Baird set a $186.00 target price on shares of WEX in a report on Tuesday, February 18th. Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group raised their price target on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $195.73.

WEX 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.