Natixis Takes $1.11 Million Position in WEX Inc. (NYSE:WEX)

Natixis acquired a new stake 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 acquired 6,339 shares of the business services provider's stock, valued at approximately $1,111,000.

A number of other hedge funds have also recently bought and sold shares of WEX. JPMorgan Chase & Co. lifted its position in shares of WEX by 105.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock valued at $358,812,000 after purchasing an additional 1,052,087 shares in the last quarter. Norges Bank purchased a new stake in WEX in the 4th quarter valued at about $80,535,000. Wealthfront Advisers LLC bought a new position in shares of WEX during the 4th quarter worth approximately $28,689,000. Raymond James Financial Inc. purchased a new position in shares of WEX in the 4th quarter worth approximately $12,444,000. Finally, CenterBook Partners LP grew its holdings in shares of WEX by 379.8% in the fourth quarter. CenterBook Partners LP now owns 72,815 shares of the business services provider's stock valued at $12,766,000 after acquiring an additional 57,639 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho dropped their price target on WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Robert W. Baird set a $186.00 target price on WEX in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods reduced 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 price objective on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Bank of America cut shares of WEX from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $185.80.

WEX Stock Performance

Shares of WEX traded up $1.05 during trading hours on Tuesday, hitting $131.52. The company's stock had a trading volume of 77,921 shares, compared to its average volume of 548,311. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.06 and a beta of 1.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The business has a 50 day simple moving average of $143.67 and a two-hundred day simple moving average of $167.10. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $220.32.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, equities analysts expect 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.