WEX Inc. (NYSE:WEX) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in WEX Inc. (NYSE:WEX - Free Report) by 298.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,769 shares of the business services provider's stock after purchasing an additional 9,561 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in WEX were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WEX. JPMorgan Chase & Co. grew its position in shares of WEX by 105.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock valued at $358,812,000 after buying an additional 1,052,087 shares during the last quarter. Earnest Partners LLC boosted its stake in WEX by 1.0% in the fourth quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider's stock valued at $153,008,000 after acquiring an additional 8,780 shares in the last quarter. Lyrical Asset Management LP boosted its stake in WEX by 0.4% in the fourth quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider's stock valued at $144,364,000 after acquiring an additional 3,190 shares in the last quarter. River Road Asset Management LLC grew its holdings in shares of WEX by 0.7% during the fourth quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider's stock worth $127,255,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of WEX by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 602,693 shares of the business services provider's stock worth $105,653,000 after purchasing an additional 18,331 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WEX

In other news, CEO Melissa D. Smith acquired 3,721 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average cost of $134.57 per share, with a total value of $500,734.97. Following the purchase, the chief executive officer now directly owns 101,182 shares of the company's stock, valued at approximately $13,616,061.74. This trade represents a 3.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer Kimball sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $131.08, for a total value of $183,512.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,177 shares of the company's stock, valued at $416,441.16. The trade was a 30.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

WEX has been the subject of a number of research analyst reports. 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. Oppenheimer initiated coverage on WEX in a research report on Thursday, May 15th. They issued a "market perform" rating for the company. Robert W. Baird set a $186.00 target price on WEX in a research report on Tuesday, February 18th. Barclays decreased their target price on WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Finally, Jefferies Financial Group upped their target price on WEX from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, May 27th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $176.90.

WEX Stock Performance

WEX stock traded up $2.10 during mid-day trading on Friday, reaching $138.54. 452,837 shares of the company were exchanged, compared to its average volume of 568,893. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $217.47. The firm's 50-day simple moving average is $130.68 and its two-hundred day simple moving average is $156.17. 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 $4.74 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.11. The company had revenue of $636.60 million during the quarter, compared to analysts' expectations of $631.42 million. WEX had a return on equity of 32.35% and a net margin of 11.78%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $3.46 EPS. Equities analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

WEX Company 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.