Snyder Capital Management L P Purchases 49,484 Shares of WEX Inc. (NYSE:WEX)

Snyder Capital Management L P lifted its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 48.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 151,625 shares of the business services provider's stock after acquiring an additional 49,484 shares during the quarter. Snyder Capital Management L P owned approximately 0.38% of WEX worth $26,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WEX. Wilmington Savings Fund Society FSB bought a new position in WEX in the 3rd quarter worth about $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 purchasing an additional 129 shares during the period. UMB Bank n.a. boosted its stake in WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock worth $46,000 after purchasing an additional 221 shares during the period. Quadrant Capital Group LLC boosted its stake in WEX by 72.2% in the 4th 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 period. Finally, Smartleaf Asset Management LLC boosted its stake in WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock worth $56,000 after purchasing an additional 66 shares during the period. Institutional investors own 97.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on WEX shares. Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and cut their target price for the stock from $260.00 to $190.00 in a research note on Tuesday, January 14th. William Blair reissued a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Mizuho decreased their price target on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $185.80.

WEX Trading Down 1.3 %

WEX traded down $1.71 during trading on Wednesday, hitting $130.04. 226,381 shares of the stock traded hands, compared to its average volume of 549,330. The firm has a market capitalization of $4.45 billion, a P/E ratio of 17.34, a price-to-earnings-growth 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 firm has a 50-day moving average of $143.25 and a 200 day moving average of $166.86. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $217.47.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Equities research analysts anticipate that WEX Inc. will post 14.09 EPS 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.