WEX Inc. (NYSE:WEX) Shares Sold by Versor Investments LP

Versor Investments LP decreased its holdings in WEX Inc. (NYSE:WEX) by 29.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534 shares of the business services provider’s stock after selling 650 shares during the quarter. Versor Investments LP’s holdings in WEX were worth $269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commerce Bank boosted its holdings in WEX by 1.7% in the third quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock worth $760,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of WEX by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 65 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of WEX by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd boosted its stake in WEX by 47.3% in the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock worth $58,000 after purchasing an additional 89 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Down 1.3 %

WEX stock opened at $155.11 on Tuesday. The business’s 50-day moving average price is $170.52 and its 200 day moving average price is $183.56. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. WEX Inc. has a 52 week low of $146.03 and a 52 week high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird set a $186.00 price target on shares of WEX in a report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Mizuho dropped their price target on WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays cut their price objective on WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, William Blair reaffirmed a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WEX has a consensus rating of “Hold” and an average target price of $195.73.

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.