WEX Inc. (NYSE:WEX) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in WEX Inc. (NYSE:WEX - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 104,898 shares of the business services provider's stock after acquiring an additional 14,953 shares during the period. Gotham Asset Management LLC owned approximately 0.26% of WEX worth $18,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in WEX in the 3rd quarter valued at approximately $35,000. Jones Financial Companies Lllp lifted 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 valued at $43,000 after buying an additional 129 shares during the period. UMB Bank n.a. boosted its stake in shares of WEX by 552.5% in the fourth 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 raised its position in WEX by 72.2% in the fourth quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider's stock worth $48,000 after acquiring an additional 114 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 Price Performance

NYSE:WEX opened at $127.17 on Friday. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $217.47. The company's 50-day moving average is $138.41 and its two-hundred day moving average is $162.27. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.40 by $0.11. The company had revenue of $636.60 million during 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 revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.46 earnings per share. Research analysts expect that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WEX. Mizuho lowered their price target 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. Robert W. Baird set a $186.00 target price on shares of WEX in a research report on Tuesday, February 18th. Bank of America downgraded shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Barclays dropped their price objective on WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Finally, Jefferies Financial Group boosted their target price on WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.

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