WEX Inc. (NYSE:WEX) Shares Sold by Globeflex Capital L P

Globeflex Capital L P lowered its stake in WEX Inc. (NYSE:WEX) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,836 shares of the business services provider’s stock after selling 764 shares during the quarter. Globeflex Capital L P’s holdings in WEX were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WEX. Atria Investments Inc lifted its holdings in WEX by 289.0% in the third quarter. Atria Investments Inc now owns 6,528 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 4,850 shares during the period. Crossmark Global Holdings Inc. raised its position in WEX by 21.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,218 shares of the business services provider’s stock worth $675,000 after acquiring an additional 572 shares in the last quarter. Venturi Wealth Management LLC raised its position in WEX by 206.1% in the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in WEX by 290.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,280 shares of the business services provider’s stock worth $2,995,000 after acquiring an additional 10,625 shares in the last quarter. Finally, KBC Group NV raised its position in WEX by 13.0% in the third quarter. KBC Group NV now owns 1,187 shares of the business services provider’s stock worth $249,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analysts Set New Price Targets

WEX has been the topic of several research reports. Robert W. Baird set a $186.00 price target on shares of WEX in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price target 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. Bank of America downgraded WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. William Blair restated a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price objective on WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $195.73.

WEX Price Performance

Shares of WEX opened at $154.47 on Friday. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.06 and a beta of 1.61. WEX Inc. has a fifty-two week low of $146.03 and a fifty-two week high of $244.04. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The business’s 50-day moving average is $166.67 and its 200-day moving average is $181.60.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating 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%. Equities research analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

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.