Amundi increased its holdings in WEX Inc. (NYSE:WEX - Free Report) by 493.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,200 shares of the business services provider's stock after acquiring an additional 12,637 shares during the period. Amundi's holdings in WEX were worth $2,657,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc raised its holdings in WEX by 289.0% in the 3rd quarter. Atria Investments Inc now owns 6,528 shares of the business services provider's stock worth $1,369,000 after acquiring an additional 4,850 shares during the period. Venturi Wealth Management LLC grew its stake in shares of WEX by 206.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider's stock valued at $31,000 after purchasing an additional 101 shares during the period. KBC Group NV boosted its stake in shares of WEX by 13.0% in the 3rd quarter. KBC Group NV now owns 1,187 shares of the business services provider's stock valued at $249,000 after purchasing an additional 137 shares in the last quarter. Natixis Advisors LLC grew its stake in WEX by 300.4% during the third quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider's stock worth $14,375,000 after buying an additional 51,423 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of WEX in the third quarter valued at approximately $3,733,000. 97.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Bank of America lowered WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Mizuho decreased their price target on shares of WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Robert W. Baird set a $186.00 price target on WEX in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their target price on WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, WEX presently has a consensus rating of "Hold" and a consensus price target of $195.73.
Read Our Latest Report on WEX
WEX Price Performance
Shares of WEX stock traded up $4.35 on Monday, hitting $158.44. 994,875 shares of the company traded hands, compared to its average volume of 407,521. The company has a market cap of $6.15 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.06 and a beta of 1.61. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04. The firm's 50-day simple moving average is $166.28 and its 200 day simple moving average is $181.33. 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 - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.78% and a return on equity of 32.35%. Analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.
WEX Company Profile
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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.
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