Union Bancaire Privee UBP SA Purchases New Position in WEX Inc. (NYSE:WEX)

Union Bancaire Privee UBP SA acquired a new position in shares of WEX Inc. (NYSE:WEX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,054 shares of the business services provider's stock, valued at approximately $702,000.

Several other large investors also recently added to or reduced their stakes in WEX. Allspring Global Investments Holdings LLC boosted its stake in shares of WEX by 124.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 40,870 shares of the business services provider's stock worth $8,572,000 after purchasing an additional 22,638 shares during the period. Natixis Advisors LLC boosted its position in shares of WEX by 300.4% during the third quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider's stock valued at $14,375,000 after buying an additional 51,423 shares during the period. Maven Securities LTD bought a new position in shares of WEX during the second quarter valued at approximately $2,657,000. Fifth Third Bancorp raised its holdings 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 worth $1,540,000 after buying an additional 8,277 shares during the period. Finally, Rice Hall James & Associates LLC lifted its stake in shares of WEX by 672.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 154,033 shares of the business services provider's stock worth $32,305,000 after acquiring an additional 134,099 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

Insider Transactions at WEX

In related news, COO Robert Joseph Deshaies sold 175 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. The trade was a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

WEX Stock Down 1.1 %

WEX stock traded down $2.12 during trading on Friday, reaching $184.18. 338,245 shares of the company traded hands, compared to its average volume of 326,879. The business has a 50 day simple moving average of $179.30 and a 200 day simple moving average of $186.27. WEX Inc. has a 12 month low of $165.51 and a 12 month high of $244.04. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America increased their target price on WEX from $238.00 to $255.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Robert W. Baird decreased their price objective on shares of WEX from $285.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Citigroup downgraded shares of WEX from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $260.00 to $190.00 in a research note on Tuesday, January 14th. Jefferies Financial Group lifted their price target on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on WEX from $247.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $217.73.

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.