Barclays PLC Has $5.97 Million Stake in WEX Inc. (NYSE:WEX)

Barclays PLC boosted its position in WEX Inc. (NYSE:WEX - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,061 shares of the business services provider's stock after purchasing an additional 12,526 shares during the period. Barclays PLC owned about 0.09% of WEX worth $5,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of WEX in the 3rd quarter worth approximately $35,000. Jones Financial Companies Lllp boosted its stake in WEX by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock worth $43,000 after buying an additional 129 shares during the last quarter. UMB Bank n.a. grew its holdings in 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 period. Quadrant Capital Group LLC increased its holdings in shares of WEX by 72.2% during the 4th quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock worth $48,000 after buying an additional 114 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased 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 acquiring an additional 66 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WEX shares. Barclays reduced their target price on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Keefe, Bruyette & Woods dropped their price target on shares of WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Bank of America cut WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. UBS Group reduced their price target on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Finally, William Blair reissued a "market perform" rating on shares of WEX in a report on Thursday, February 6th. Nine investment 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.com, the stock presently has an average rating of "Hold" and an average target price of $185.80.

WEX Price Performance

Shares of WEX stock traded down $5.79 during mid-day trading on Thursday, hitting $124.58. 295,524 shares of the stock traded hands, compared to its average volume of 551,119. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The company's 50-day simple moving average is $142.85 and its 200-day simple moving average is $166.61. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $217.47.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.11. WEX had a return on equity of 32.35% and a net margin of 11.78%. 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 prior year, the company earned $3.46 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

WEX Profile

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.