WEX Inc. (NYSE:WEX) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC raised its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,123 shares of the business services provider's stock after buying an additional 6,992 shares during the quarter. WCM Investment Management LLC owned about 0.25% of WEX worth $21,245,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Townsquare Capital LLC increased its holdings in shares of WEX by 1.8% during the fourth quarter. Townsquare Capital LLC now owns 2,945 shares of the business services provider's stock valued at $482,000 after acquiring an additional 51 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of WEX by 2.2% during the second quarter. Raymond James Trust N.A. now owns 2,502 shares of the business services provider's stock valued at $455,000 after acquiring an additional 53 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of WEX by 74.7% during the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider's stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of WEX by 3.7% during the first quarter. Toroso Investments LLC now owns 2,156 shares of the business services provider's stock valued at $396,000 after acquiring an additional 76 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in WEX by 6.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 1,257 shares of the business services provider's stock worth $229,000 after buying an additional 79 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

WEX Price Performance

Shares of NYSE:WEX traded down $4.22 during midday trading on Friday, reaching $235.88. 258,493 shares of the company's stock traded hands, compared to its average volume of 222,862. The company has a fifty day simple moving average of $226.93 and a two-hundred day simple moving average of $201.01. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $9.85 billion, a P/E ratio of 38.29, a PEG ratio of 1.53 and a beta of 1.59. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts' consensus estimates of $3.29 by ($0.15). The firm had revenue of $663.30 million during the quarter, compared to analysts' expectations of $656.75 million. WEX had a net margin of 10.46% and a return on equity of 31.33%. Equities analysts predict that WEX Inc. will post 13.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of WEX in a report on Thursday, February 8th. Jefferies Financial Group increased their price target on shares of WEX from $235.00 to $240.00 and gave the stock a "hold" rating in a report on Friday. StockNews.com downgraded shares of WEX from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Mizuho raised their price objective on shares of WEX from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of WEX from $205.00 to $239.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, WEX currently has an average rating of "Moderate Buy" and an average price target of $234.23.

Insider Buying and Selling at WEX

In other WEX news, CAO Jennifer Kimball sold 574 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the completion of the sale, the chief accounting officer now directly owns 1,297 shares of the company's stock, valued at approximately $288,245.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other WEX news, SVP Sara Trickett sold 887 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Kimball sold 574 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the completion of the sale, the chief accounting officer now directly owns 1,297 shares of the company's stock, valued at $288,245.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,433 shares of company stock worth $14,708,896. Corporate insiders own 1.10% of the company's stock.

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.