Sei Investments Co. raised its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,490 shares of the business services provider's stock after purchasing an additional 23,859 shares during the period. Sei Investments Co. owned 1.21% of WEX worth $84,415,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in WEX by 1,635.8% during 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of WEX by 25.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 66 shares during the last quarter. KBC Group NV raised its stake in shares of WEX by 53.7% in the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider's stock valued at $320,000 after acquiring an additional 638 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of WEX by 108.4% in the 4th 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. Finally, Choreo LLC lifted its holdings in WEX by 33.7% in the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider's stock worth $405,000 after purchasing an additional 598 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WEX has been the topic of several analyst reports. Robert W. Baird set a $186.00 price target on WEX in a report on Tuesday, February 18th. UBS Group lowered their target price on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price target on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, William Blair reiterated 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $187.80.
Read Our Latest Stock Analysis on WEX
WEX Stock Performance
Shares of WEX stock traded up $3.18 during mid-day trading on Thursday, reaching $155.91. The stock had a trading volume of 1,959,761 shares, compared to its average volume of 474,245. WEX Inc. has a one year low of $146.03 and a one year high of $244.04. The firm has a market cap of $6.05 billion, a PE ratio of 20.79, a P/E/G ratio of 2.06 and a beta of 1.61. The firm's 50 day simple moving average is $162.87 and its 200 day simple moving average is $179.58. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07.
WEX (NYSE:WEX - Get Free Report) last issued its 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%. On average, analysts forecast that WEX Inc. will post 14.09 EPS for the current year.
About WEX
(
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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