WEX Inc. (NYSE:WEX) Shares Sold by Axa S.A.

AXA S.A. reduced its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,291 shares of the business services provider's stock after selling 8,121 shares during the period. AXA S.A.'s holdings in WEX were worth $2,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WEX. Barclays PLC increased its holdings in shares of WEX by 38.4% during the 3rd quarter. Barclays PLC now owns 21,535 shares of the business services provider's stock worth $4,516,000 after buying an additional 5,972 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in WEX during the third quarter valued at about $35,000. Fifth Third Wealth Advisors LLC increased its stake in WEX by 265.1% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider's stock worth $926,000 after acquiring an additional 3,834 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of WEX in the 4th quarter worth about $1,168,000. Finally, Radnor Capital Management LLC acquired a new position in shares of WEX in the 4th quarter valued at about $331,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Up 6.4%

WEX stock traded up $8.13 during midday trading on Monday, hitting $135.04. The stock had a trading volume of 474,126 shares, compared to its average volume of 560,146. 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 business has a fifty day moving average price of $138.41 and a 200 day moving average price of $161.78. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $217.47. The stock has a market cap of $4.62 billion, a P/E ratio of 18.01, a P/E/G ratio of 2.06 and a beta of 1.26.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 EPS for the quarter, topping 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 firm had revenue of $636.60 million during the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the company posted $3.46 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. Research analysts predict that WEX Inc. will post 14.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group cut their price target on shares of WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Robert W. Baird set a $186.00 target price on shares of WEX in a report on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their price target on shares of WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on WEX from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group raised their target price on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $182.40.

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.