GHP Investment Advisors Inc. Decreases Stock Holdings in WEX Inc. (NYSE:WEX)

GHP Investment Advisors Inc. cut its holdings in WEX Inc. (NYSE:WEXFree Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,973 shares of the business services provider’s stock after selling 1,166 shares during the quarter. GHP Investment Advisors Inc.’s holdings in WEX were worth $2,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WEX. FinTrust Capital Advisors LLC bought a new position in WEX during the fourth quarter valued at $25,000. VisionPoint Advisory Group LLC lifted its holdings in shares of WEX by 74.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Fred Alger Management LLC bought a new position in shares of WEX in the 3rd quarter valued at about $34,000. International Assets Investment Management LLC purchased a new position in WEX in the third quarter worth about $37,000. Finally, State of Wyoming bought a new stake in WEX during the second quarter worth approximately $38,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Stock Performance

Shares of WEX stock opened at $240.03 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55. The stock’s fifty day moving average price is $226.36 and its 200-day moving average price is $200.66. The firm has a market cap of $10.02 billion, a P/E ratio of 38.97, a P/E/G ratio of 1.56 and a beta of 1.59. WEX Inc. has a 12 month low of $161.95 and a 12 month high of $244.04.

WEX (NYSE:WEXGet Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a return on equity of 31.33% and a net margin of 10.46%. The business had revenue of $663.30 million for the quarter, compared to the consensus estimate of $656.75 million. On average, equities research analysts expect that WEX Inc. will post 13.51 earnings per share for the current fiscal year.

Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 574 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $222.24, for a total transaction of $127,565.76. Following the completion of the sale, the chief accounting officer now owns 1,297 shares in the company, valued at $288,245.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction on Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the transaction, the chief accounting officer now directly owns 1,297 shares in the company, valued at approximately $288,245.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Melissa D. Smith sold 41,107 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $205.00, for a total value of $8,426,935.00. Following the sale, the chief executive officer now owns 81,998 shares of the company’s stock, valued at $16,809,590. The disclosure for this sale can be found here. Insiders have sold a total of 69,433 shares of company stock valued at $14,708,896 over the last ninety days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WEX. TheStreet raised WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. William Blair reaffirmed an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Mizuho increased their target price on shares of WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Truist Financial raised their price objective on shares of WEX from $185.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, WEX presently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Check Out Our Latest Stock Report on WEX

About WEX

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding WEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEX Inc. (NYSE:WEXFree Report).

Institutional Ownership by Quarter for WEX (NYSE:WEX)

Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.