New Age Alpha Advisors LLC bought a new stake in shares of WEX Inc. (NYSE:WEX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,011 shares of the business services provider's stock, valued at approximately $1,580,000.
Several other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in WEX during the third quarter valued at approximately $35,000. Jones Financial Companies Lllp grew its holdings in WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. lifted its stake in WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock worth $46,000 after purchasing an additional 221 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of WEX by 263.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 491 shares of the business services provider's stock valued at $86,000 after buying an additional 356 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Mizuho decreased their price target on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Robert W. Baird set a $186.00 target price on shares of WEX in a research note on Tuesday, February 18th. Jefferies Financial Group upped their price target on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Barclays reduced their price target on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, William Blair restated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $187.80.
Check Out Our Latest Stock Report on WEX
WEX Stock Up 0.7 %
WEX stock traded up $1.07 during trading on Wednesday, hitting $161.99. 1,032,757 shares of the company's stock traded hands, compared to its average volume of 502,530. The business has a fifty day simple moving average of $161.28 and a two-hundred day simple moving average of $178.61. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $6.29 billion, a P/E ratio of 21.60, a PEG ratio of 2.06 and a beta of 1.61. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04.
WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS 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%. Sell-side analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.
WEX Company Profile
(
Free Report)
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.
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