Numerai GP LLC Invests $1.63 Million in WEX Inc. (NYSE:WEX)

Numerai GP LLC purchased a new stake in WEX Inc. (NYSE:WEX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 9,288 shares of the business services provider's stock, valued at approximately $1,628,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEX. Jones Financial Companies Lllp increased its holdings in shares of WEX by 108.4% during the fourth 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 in the last quarter. UMB Bank n.a. boosted its stake in WEX by 552.5% during the fourth quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock worth $46,000 after acquiring an additional 221 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in WEX by 72.2% during the fourth quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock worth $48,000 after purchasing an additional 114 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of WEX by 25.3% in the fourth 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 during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in WEX during the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Stock Down 0.5%

WEX stock traded down $0.74 during midday trading on Monday, hitting $138.67. The company's stock had a trading volume of 77,035 shares, compared to its average volume of 561,575. The company's fifty day moving average price is $136.60 and its 200 day moving average price is $160.45. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $217.47. The stock has a market capitalization of $4.75 billion, a P/E ratio of 18.46, a PEG ratio of 2.06 and a beta of 1.26. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04.

WEX (NYSE:WEX - Get Free Report) last posted 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. The company had revenue of $636.60 million for the quarter, compared to analyst estimates of $631.42 million. WEX had a return on equity of 32.35% and a net margin of 11.78%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.46 earnings per share. As a group, equities research analysts predict that WEX Inc. will post 14.09 EPS for the current year.

Analysts Set New Price Targets

WEX has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. William Blair restated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. UBS Group decreased their target price on WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Keefe, Bruyette & Woods reduced their target price on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, Robert W. Baird set a $186.00 target price on WEX in a research report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, WEX presently has an average rating of "Hold" and a consensus target price of $182.40.

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.