Teachers Retirement System of The State of Kentucky Sells 2,674 Shares of WEX Inc. (NYSE:WEX)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,416 shares of the business services provider's stock after selling 2,674 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in WEX were worth $3,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in WEX during the third quarter valued at $35,000. Jones Financial Companies Lllp increased its holdings in shares of 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 buying an additional 129 shares during the last quarter. UMB Bank n.a. raised its position in shares of WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock valued at $46,000 after buying an additional 221 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of WEX by 72.2% in the 4th quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock worth $56,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Trading Up 0.8 %

WEX traded up $1.05 on Tuesday, reaching $131.52. 77,921 shares of the company traded hands, compared to its average volume of 548,311. The company has a market cap of $4.50 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. WEX Inc. has a one year low of $110.45 and a one year high of $220.32. The firm has a fifty day simple moving average of $143.67 and a two-hundred day simple moving average of $167.10.

WEX (NYSE:WEX - Get Free Report) last posted 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%. As a group, equities research analysts expect that WEX Inc. will post 14.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WEX shares. UBS Group decreased their price objective on WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Barclays lowered their price target 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. Robert W. Baird set a $186.00 price objective on shares of WEX in a research note on Tuesday, February 18th. Mizuho lowered their target price on shares of WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $185.80.

About WEX

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.