Peak6 LLC Invests $773,000 in WEX Inc. (NYSE:WEX)

PEAK6 LLC acquired a new stake in shares of WEX Inc. (NYSE:WEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,409 shares of the business services provider's stock, valued at approximately $773,000.

Several other hedge funds have also recently modified their holdings of WEX. Wilmington Savings Fund Society FSB purchased a new position in shares of WEX in the 3rd quarter worth approximately $35,000. Jones Financial Companies Lllp raised its stake in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after acquiring an additional 129 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock worth $46,000 after buying an additional 221 shares during the period. Quadrant Capital Group LLC lifted its stake in WEX by 72.2% in the fourth quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock worth $48,000 after acquiring an additional 114 shares during the period. Finally, Smartleaf Asset Management LLC boosted 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 purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Stock Performance

WEX traded down $0.59 on Friday, reaching $129.47. 502,120 shares of the stock were exchanged, compared to its average volume of 549,565. The company's 50-day moving average price is $144.15 and its 200 day moving average price is $168.28. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The firm has a market capitalization of $4.43 billion, a PE ratio of 17.26, a PEG ratio of 2.06 and a beta of 1.33. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $220.32.

WEX (NYSE:WEX - Get Free Report) last released its earnings results 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 return on equity of 32.35% and a net margin of 11.78%. As a group, sell-side analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America cut WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Barclays decreased their price target on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Mizuho cut their price objective on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. UBS Group reduced their price objective on shares of WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $185.80.

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.