Tudor Investment Corp ET AL Increases Stake in WEX Inc. (NYSE:WEX)

Tudor Investment Corp ET AL boosted its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,185 shares of the business services provider's stock after acquiring an additional 14,453 shares during the period. Tudor Investment Corp ET AL owned 0.14% of WEX worth $9,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of WEX in the third quarter worth about $35,000. Jones Financial Companies Lllp boosted its position in WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after buying an additional 129 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 buying an additional 221 shares during the last quarter. Quadrant Capital Group LLC lifted its stake 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 lifted its stake in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 66 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Up 2.4 %

NYSE:WEX traded up $2.91 during trading hours on Friday, hitting $124.35. 633,303 shares of the company traded hands, compared to its average volume of 557,725. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The company has a market cap of $4.26 billion, a PE ratio of 16.58, a PEG ratio of 2.06 and a beta of 1.33. The firm's 50-day simple moving average is $141.64 and its 200-day simple moving average is $165.01. WEX Inc. has a one year low of $110.45 and a one year high of $217.47.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. WEX had a net margin of 11.78% and a return on equity of 32.35%. The company had revenue of $636.60 million for the quarter, compared to analyst estimates of $631.42 million. During the same period last year, the firm earned $3.46 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. Equities analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America cut WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Robert W. Baird set a $186.00 price target on WEX in a research note on Tuesday, February 18th. Wells Fargo & Company cut their price objective on WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Mizuho cut their target price on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Citigroup cut shares of WEX from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, WEX currently has a consensus rating of "Hold" and an average target price of $182.40.

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.