Blair William & Co. IL Sells 4,999 Shares of WEX Inc. (NYSE:WEX)

Blair William & Co. IL reduced its position in shares of WEX Inc. (NYSE:WEX) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 124,141 shares of the business services provider’s stock after selling 4,999 shares during the quarter. Blair William & Co. IL’s holdings in WEX were worth $21,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WEX. Wilmington Savings Fund Society FSB bought a new stake in WEX during the third quarter valued at approximately $35,000. Jones Financial Companies Lllp grew its position in shares of WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 129 shares during the period. UMB Bank n.a. grew its position in shares of WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 221 shares during the period. Smartleaf Asset Management LLC increased its stake 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in WEX during the third quarter valued at $59,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

WEX has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. William Blair restated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $187.80.

WEX Stock Up 2.1 %

WEX opened at $155.91 on Friday. The company has a market capitalization of $6.05 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The firm has a 50-day simple moving average of $162.87 and a two-hundred day simple moving average of $179.58. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. WEX Inc. has a 52 week low of $146.03 and a 52 week high of $244.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. Analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal 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.