19,822 Shares in WEX Inc. (NYSE:WEX) Bought by PEAK6 Investments LLC

PEAK6 Investments LLC acquired a new stake in WEX Inc. (NYSE:WEX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,822 shares of the business services provider's stock, valued at approximately $4,157,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in WEX by 206.1% during the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider's stock worth $31,000 after purchasing an additional 101 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of WEX during the second quarter worth about $33,000. Quarry LP lifted its position in shares of WEX by 717.4% during the second quarter. Quarry LP now owns 188 shares of the business services provider's stock worth $33,000 after purchasing an additional 165 shares in the last quarter. Blue Trust Inc. lifted its position in shares of WEX by 456.1% during the second quarter. Blue Trust Inc. now owns 228 shares of the business services provider's stock worth $40,000 after purchasing an additional 187 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of WEX by 47.3% during the third quarter. Covestor Ltd now owns 277 shares of the business services provider's stock worth $58,000 after purchasing an additional 89 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Down 0.6 %

WEX stock traded down $1.14 during mid-day trading on Friday, hitting $188.66. The company had a trading volume of 170,438 shares, compared to its average volume of 378,049. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.49 and a beta of 1.57. WEX Inc. has a 1 year low of $165.51 and a 1 year high of $244.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. The business has a fifty day moving average of $194.50 and a 200 day moving average of $187.31.

WEX (NYSE:WEX - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $4.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.82 by $0.53. The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $3.44 earnings per share. On average, sell-side analysts expect that WEX Inc. will post 13.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WEX has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of WEX from $190.00 to $210.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on shares of WEX from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. Bank of America increased their price target on shares of WEX from $238.00 to $255.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Robert W. Baird cut their target price on shares of WEX from $285.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of WEX from $210.00 to $200.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, WEX has a consensus rating of "Moderate Buy" and an average target price of $235.91.

Insider Transactions at WEX

In other news, CFO Jagtar Narula sold 508 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now directly owns 7,120 shares in the company, valued at approximately $1,424,000. This trade represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.