New Age Alpha Advisors LLC Buys Shares of 9,011 WEX Inc. (NYSE:WEX)

New Age Alpha Advisors LLC purchased a new position in WEX Inc. (NYSE:WEX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,011 shares of the business services provider’s stock, valued at approximately $1,580,000.

A number of other large investors also recently modified their holdings of WEX. Fifth Third Bancorp lifted its stake in WEX by 1,635.8% in the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after purchasing an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 66 shares during the period. KBC Group NV raised its position in shares of WEX by 53.7% in the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after buying an additional 638 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after buying an additional 129 shares during the period. Finally, Choreo LLC grew its position in WEX by 33.7% during the fourth quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock worth $405,000 after buying an additional 598 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on WEX shares. William Blair reiterated a “market perform” rating on shares of WEX in a research report on Thursday, February 6th. Jefferies Financial Group boosted their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. UBS Group cut their target price on shares of WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, Mizuho lowered their price target on WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $187.80.

WEX Trading Down 0.4 %

NYSE WEX opened at $154.69 on Monday. The firm has a market cap of $6.00 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a 1-year low of $146.03 and a 1-year high of $244.04. The stock has a 50-day moving average of $162.27 and a 200-day moving average of $179.13. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that WEX Inc. will post 14.09 EPS for the current year.

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.