American Century Companies Inc. Sells 7,347 Shares of WEX Inc. (NYSE:WEX)

American Century Companies Inc. decreased its holdings in WEX Inc. (NYSE:WEX - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,839 shares of the business services provider's stock after selling 7,347 shares during the quarter. American Century Companies Inc.'s holdings in WEX were worth $498,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in WEX by 1,635.8% in the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider's stock valued at $1,540,000 after acquiring an additional 8,277 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock worth $56,000 after purchasing an additional 66 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 worth $43,000 after purchasing an additional 129 shares during the last quarter. KBC Group NV increased its position in shares of WEX by 53.7% during the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider's stock worth $320,000 after purchasing an additional 638 shares in the last quarter. Finally, Choreo LLC lifted its holdings in WEX by 33.7% during the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider's stock valued at $405,000 after purchasing an additional 598 shares during the last quarter. 97.47% of the stock is owned by institutional investors.

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WEX Trading Down 0.3 %

Shares of NYSE WEX traded down $0.32 during mid-day trading on Tuesday, hitting $127.36. The company's stock had a trading volume of 380,717 shares, compared to its average volume of 540,488. 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 stock has a market cap of $4.36 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The company's fifty day simple moving average is $149.38 and its 200-day simple moving average is $172.96. WEX Inc. has a one year low of $110.45 and a one year high of $239.30.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, sell-side analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and cut their price objective for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. Bank of America cut WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Barclays cut their price target on WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Finally, Robert W. Baird set a $186.00 price objective on shares of WEX in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $187.80.

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.