J2 Capital Management Inc Purchases Shares of 1,688 WEX Inc. (NYSE:WEX)

J2 Capital Management Inc bought a new stake in WEX Inc. (NYSE:WEX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,688 shares of the business services provider's stock, valued at approximately $296,000.

Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in shares of WEX by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider's stock valued at $873,251,000 after acquiring an additional 25,365 shares during the period. FMR LLC boosted its stake in WEX by 8.8% during the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider's stock valued at $326,237,000 after purchasing an additional 125,262 shares in the last quarter. State Street Corp increased its position in shares of 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 period. River Road Asset Management LLC raised its stake in shares of WEX by 5.0% in the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider's stock worth $151,103,000 after buying an additional 34,264 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of WEX by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider's stock worth $87,772,000 after buying an additional 126,663 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company's stock.

WEX Stock Up 0.4 %

NYSE WEX traded up $0.68 during trading on Friday, reaching $184.40. 304,658 shares of the company's stock were exchanged, compared to its average volume of 322,390. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. WEX Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $244.04. The company's fifty day simple moving average is $178.78 and its 200-day simple moving average is $186.13. The firm has a market capitalization of $7.34 billion, a PE ratio of 23.40, a P/E/G ratio of 1.23 and a beta of 1.58.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, topping the consensus estimate of $3.82 by $0.53. WEX had a net margin of 12.45% and a return on equity of 31.35%. The business had revenue of $665.50 million during the quarter, compared to analysts' expectations of $688.03 million. During the same period last year, the company posted $3.44 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts predict that WEX Inc. will post 13.09 EPS for the current year.

Insider Buying and Selling

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares of the company's stock, valued at $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on WEX shares. Wolfe Research lowered WEX from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Bank of America boosted their target price on shares of WEX from $238.00 to $255.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Citigroup lowered shares of WEX from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on WEX from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price objective on WEX from $190.00 to $210.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $219.55.

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.