41,514 Shares in WEX Inc. (NYSE:WEX) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of WEX Inc. (NYSE:WEX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 41,514 shares of the business services provider's stock, valued at approximately $7,278,000. Susquehanna Fundamental Investments LLC owned about 0.10% of WEX at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. CIBC Asset Management Inc lifted its position in WEX by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider's stock valued at $225,000 after acquiring an additional 65 shares during the period. Smartleaf Asset Management LLC increased its stake in WEX by 25.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 66 shares in the last quarter. Xponance Inc. raised its holdings in WEX by 1.4% in the fourth quarter. Xponance Inc. now owns 4,864 shares of the business services provider's stock worth $853,000 after buying an additional 68 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of WEX by 0.6% during the fourth 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 buying an additional 70 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in shares of WEX by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 1,686 shares of the business services provider's stock valued at $296,000 after acquiring an additional 78 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. William Blair reiterated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Jefferies Financial Group raised 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. Keefe, Bruyette & Woods decreased their price objective 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. Mizuho dropped their target price 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, Barclays decreased their target price 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. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.80.

WEX Stock Performance

WEX stock traded down $8.66 during midday trading on Thursday, hitting $121.71. The stock had a trading volume of 978,924 shares, compared to its average volume of 553,791. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $217.47. The company has a market capitalization of $4.17 billion, a PE ratio of 16.23, a P/E/G ratio of 2.06 and a beta of 1.33. The firm's fifty day moving average is $142.31 and its two-hundred day moving average is $165.97.

WEX (NYSE:WEX - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. WEX had a net margin of 11.78% and a return on equity of 32.35%. The company had revenue of $636.60 million for the quarter, compared to analysts' expectations of $631.42 million. During the same quarter in the previous year, the company earned $3.46 EPS. WEX's revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts forecast 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.