Inceptionr LLC Purchases New Stake in WEX Inc. (NYSE:WEX)

Inceptionr LLC purchased a new stake in WEX Inc. (NYSE:WEX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,595 shares of the business services provider's stock, valued at approximately $455,000.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC increased its position 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 in the last quarter. Fifth Third Bancorp raised its position in shares of WEX by 1,635.8% in the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider's stock valued at $1,540,000 after buying an additional 8,277 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after buying an additional 66 shares during the period. Atria Investments Inc boosted its position in WEX by 289.0% during the third 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 last quarter. Finally, KBC Group NV grew its stake in WEX by 53.7% in the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider's stock worth $320,000 after acquiring an additional 638 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

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WEX Stock Down 1.7 %

Shares of WEX stock traded down $2.53 on Wednesday, hitting $150.49. The stock had a trading volume of 763,728 shares, compared to its average volume of 583,967. The stock's 50 day moving average is $168.11 and its 200-day moving average is $182.31. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 2.06 and a beta of 1.61. WEX Inc. has a 52-week low of $146.03 and a 52-week high of $244.04. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. Bank of America cut shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Robert W. Baird set a $186.00 price target on shares of WEX in a research report on Tuesday, February 18th. Barclays lowered their price objective on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Finally, Jefferies Financial Group lifted their target price on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WEX has an average rating of "Hold" and an average price target of $195.73.

WEX 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.