EntryPoint Capital LLC Buys 2,808 Shares of WEX Inc. (NYSE:WEX)

EntryPoint Capital LLC lifted its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 217.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the business services provider's stock after buying an additional 2,808 shares during the quarter. WEX comprises 0.3% of EntryPoint Capital LLC's portfolio, making the stock its 25th largest position. EntryPoint Capital LLC's holdings in WEX were worth $719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Commerce Bank raised its holdings in WEX by 1.7% in the 3rd quarter. Commerce Bank now owns 3,624 shares of the business services provider's stock worth $760,000 after acquiring an additional 60 shares during the last quarter. CIBC Asset Management Inc raised its position in WEX by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider's stock worth $225,000 after buying an additional 65 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in WEX by 25.3% during the 4th 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. Xponance Inc. boosted its holdings in shares of WEX by 1.4% during the 4th quarter. Xponance Inc. now owns 4,864 shares of the business services provider's stock valued at $853,000 after acquiring an additional 68 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of WEX by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider's stock valued at $1,959,000 after acquiring an additional 70 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

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Analyst Ratings Changes

WEX has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price objective on shares of WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Citigroup cut WEX from a "buy" rating to a "neutral" rating and lowered their price target for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. UBS Group cut their price objective on 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 cut WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price target on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, WEX currently has an average rating of "Hold" and a consensus price target of $187.80.

WEX Price Performance

WEX stock traded down $0.63 during trading on Friday, reaching $154.69. The company's stock had a trading volume of 1,311,342 shares, compared to its average volume of 493,003. The company's fifty day moving average is $162.27 and its 200-day moving average is $179.22. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04. The company has a market capitalization of $6.00 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

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.