WEX Inc. (NYSE:WEX) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 71.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805 shares of the business services provider's stock after selling 4,520 shares during the quarter. ExodusPoint Capital Management LP's holdings in WEX were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in WEX by 79.5% in the third quarter. HighTower Advisors LLC now owns 6,436 shares of the business services provider's stock worth $1,347,000 after purchasing an additional 2,851 shares during the last quarter. Barclays PLC grew its holdings in shares of WEX by 38.4% in the third quarter. Barclays PLC now owns 21,535 shares of the business services provider's stock worth $4,516,000 after purchasing an additional 5,972 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in WEX by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,835 shares of the business services provider's stock worth $377,000 after buying an additional 191 shares during the period. Sanctuary Advisors LLC lifted its holdings in WEX by 112.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,760 shares of the business services provider's stock valued at $998,000 after buying an additional 2,519 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in WEX in the 3rd quarter valued at about $2,507,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently weighed in on WEX shares. 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 note on Monday, February 10th. Bank of America downgraded WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Jefferies Financial Group boosted their price target on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Mizuho lowered their price target on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price on WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $187.80.

WEX Trading Down 0.3 %

Shares of WEX traded down $0.32 during mid-day trading on Tuesday, reaching $127.36. The stock had a trading volume of 380,717 shares, compared to its average volume of 541,950. 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 cap of $4.36 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 2.06 and a beta of 1.33. The business's fifty day moving average is $148.89 and its 200 day moving average is $172.64. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $235.83.

WEX (NYSE:WEX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (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, sell-side analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

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.