WEX Inc. (NYSE:WEX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 300.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 68,539 shares of the business services provider's stock after purchasing an additional 51,423 shares during the quarter. Natixis Advisors LLC owned about 0.17% of WEX worth $14,375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rice Hall James & Associates LLC lifted its stake in 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 valued at $32,305,000 after acquiring an additional 134,099 shares during the period. Dimensional Fund Advisors LP raised its stake in WEX by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider's stock valued at $87,772,000 after buying an additional 126,663 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of WEX by 328.6% during the 3rd quarter. New York State Common Retirement Fund now owns 127,570 shares of the business services provider's stock valued at $26,755,000 after buying an additional 97,807 shares during the period. Distillate Capital Partners LLC purchased a new position in WEX in the second quarter worth about $13,950,000. Finally, HM Payson & Co. grew its stake in shares of WEX by 61.3% during the 3rd quarter. HM Payson & Co. now owns 149,341 shares of the business services provider's stock valued at $31,321,000 after purchasing an additional 56,775 shares during the period. 97.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Jagtar Narula sold 508 shares of WEX stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the sale, the chief financial officer now owns 7,120 shares of the company's stock, valued at approximately $1,424,000. This trade represents a 6.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

WEX Trading Up 1.1 %

WEX opened at $180.31 on Thursday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.41 and a beta of 1.57. WEX Inc. has a 12 month low of $165.51 and a 12 month high of $244.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. The stock has a fifty day moving average price of $196.51 and a 200-day moving average price of $188.33.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, beating the consensus estimate of $3.82 by $0.53. The business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.44 EPS. As a group, equities research analysts anticipate that WEX Inc. will post 13.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

WEX has been the topic of several recent research reports. Robert W. Baird decreased their price target on shares of WEX from $285.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of WEX from $210.00 to $200.00 and set a "neutral" rating for the company in a report on Tuesday, August 20th. Jefferies Financial Group raised their target price on shares of WEX from $190.00 to $210.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Wells Fargo & Company cut their target price on WEX from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. Finally, Wolfe Research downgraded WEX from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $235.91.

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.