WEX Inc. (NYSE:WEX) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its holdings in shares of WEX Inc. (NYSE:WEX) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,995 shares of the business services provider’s stock after purchasing an additional 2,662 shares during the quarter. Zions Bancorporation N.A.’s holdings in WEX were worth $2,629,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in WEX in the 3rd quarter valued at about $35,000. Jones Financial Companies Lllp grew its position in shares of WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 129 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of WEX by 552.5% in the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter. Brooklyn Investment Group purchased a new position in WEX during the third quarter worth approximately $59,000. Finally, Smartleaf Asset Management LLC boosted its stake in WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on WEX shares. Jefferies Financial Group raised their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird set a $186.00 price objective on shares of WEX in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. William Blair restated a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and a consensus target price of $195.73.

WEX Price Performance

WEX stock opened at $153.93 on Wednesday. The business’s fifty day moving average price is $163.98 and its 200 day moving average price is $179.94. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $5.97 billion, a PE ratio of 20.52, a P/E/G ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX) last issued its quarterly 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 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 EPS for the current year.

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.