Bessemer Group Inc. Trims Holdings in WEX Inc. (NYSE:WEX)

Bessemer Group Inc. trimmed its position in WEX Inc. (NYSE:WEX - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 648,548 shares of the business services provider's stock after selling 137,423 shares during the quarter. Bessemer Group Inc. owned 1.63% of WEX worth $113,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of WEX by 105.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock valued at $358,812,000 after acquiring an additional 1,052,087 shares during the period. State Street Corp raised its position in WEX by 0.3% during the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider's stock valued at $260,265,000 after purchasing an additional 3,882 shares during the last quarter. Lyrical Asset Management LP lifted its holdings in WEX by 0.4% in the 4th quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider's stock worth $144,364,000 after buying an additional 3,190 shares during the period. River Road Asset Management LLC grew its position in shares of WEX by 0.7% in the 4th 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, Sei Investments Co. increased its stake in shares of WEX by 5.2% during the fourth quarter. Sei Investments Co. now owns 481,490 shares of the business services provider's stock valued at $84,415,000 after buying an additional 23,859 shares during the period. 97.47% of the stock is currently owned by institutional investors.

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WEX Price Performance

Shares of WEX stock traded down $1.09 on Tuesday, reaching $126.59. The company's stock had a trading volume of 71,641 shares, compared to its average volume of 539,278. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The stock's fifty day simple moving average is $149.38 and its 200-day simple moving average is $172.96. 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 Inc. has a 1 year low of $110.45 and a 1 year high of $239.30.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share 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%. Analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WEX shares. Robert W. Baird set a $186.00 price target on shares of WEX in a research report on Tuesday, February 18th. UBS Group decreased their price objective on shares of WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Barclays lowered their target price on WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Finally, William Blair reissued a "market perform" rating on shares of WEX in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WEX has an average rating of "Hold" and a consensus price target of $187.80.

About WEX

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.