WEX Inc. (NYSE:WEX) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in WEX Inc. (NYSE:WEX - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,240 shares of the business services provider's stock after selling 5,365 shares during the period. Invesco Ltd. owned 0.16% of WEX worth $10,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of WEX by 66.3% in the 4th quarter. Bank of Montreal Can now owns 20,689 shares of the business services provider's stock valued at $3,627,000 after acquiring an additional 8,251 shares during the last quarter. Cerity Partners LLC increased its stake in WEX by 57.4% during the fourth quarter. Cerity Partners LLC now owns 5,307 shares of the business services provider's stock valued at $1,012,000 after purchasing an additional 1,935 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of WEX during the fourth quarter worth $74,000. Lyrical Asset Management LP boosted its holdings in shares of WEX by 0.4% in the 4th quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider's stock valued at $144,364,000 after buying an additional 3,190 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of WEX by 72.2% in the 4th quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock valued at $48,000 after buying an additional 114 shares during the period. 97.47% of the stock is owned by institutional investors.

WEX Price Performance

Shares of NYSE:WEX opened at $124.10 on Wednesday. The stock's 50 day moving average price is $145.81 and its 200 day moving average price is $169.67. 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 $4.25 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.06 and a beta of 1.33. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $235.20.

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 for the quarter, beating 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%. Equities research analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho decreased their target price on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Bank of America lowered WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Robert W. Baird set a $186.00 target price on WEX in a research note on Tuesday, February 18th. Citigroup cut shares of WEX from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their target price on shares of WEX from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, WEX 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.

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