Charles Schwab Investment Management Inc. Purchases 2,244 Shares of WEX Inc. (NYSE:WEX)

Charles Schwab Investment Management Inc. raised its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,682 shares of the business services provider's stock after purchasing an additional 2,244 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of WEX worth $55,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WEX. Venturi Wealth Management LLC lifted its position in WEX by 206.1% during the third 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of WEX in the third quarter valued at $35,000. Jones Financial Companies Lllp raised its stake in shares of WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after acquiring an additional 129 shares during the period. UMB Bank n.a. raised its stake in shares of WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock valued at $46,000 after acquiring an additional 221 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $56,000 after acquiring an additional 66 shares during the period. Institutional investors own 97.47% of the company's stock.

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WEX Stock Up 2.7 %

NYSE WEX traded up $4.10 during trading on Friday, reaching $154.47. 873,625 shares of the company's stock traded hands, compared to its average volume of 599,096. 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 firm has a market cap of $6.00 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The company's 50 day simple moving average is $166.67 and its two-hundred day simple moving average is $181.56. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. As a group, sell-side analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analysts Set New Price Targets

WEX has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Bank of America downgraded shares of WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. UBS Group reduced their target price on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their target price on shares of WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on shares of WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, WEX presently has a consensus rating of "Hold" and an average target price of $195.73.

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.