Invesco Ltd. Has $10.91 Million Stake in WEX Inc. (NYSE:WEX)

Invesco Ltd. decreased its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,240 shares of the business services provider's stock after selling 5,365 shares during the period. Invesco Ltd. owned approximately 0.16% of WEX worth $10,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in shares of WEX by 38.4% during the 3rd quarter. Barclays PLC now owns 21,535 shares of the business services provider's stock worth $4,516,000 after buying an additional 5,972 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of WEX during the 3rd quarter worth about $2,507,000. Wilmington Savings Fund Society FSB bought a new stake in shares of WEX during the 3rd quarter worth about $35,000. Fifth Third Wealth Advisors LLC raised its position in shares of WEX by 265.1% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider's stock worth $926,000 after buying an additional 3,834 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of WEX in the 4th quarter worth approximately $1,168,000. 97.47% of the stock is currently owned by institutional investors.

WEX Stock Up 0.4 %

WEX stock traded up $0.56 during trading hours on Monday, hitting $130.47. The company had a trading volume of 568,998 shares, compared to its average volume of 550,137. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $220.32. 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 market capitalization of $4.47 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The firm's fifty day moving average is $143.67 and its 200-day moving average is $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, topping analysts' consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. On average, research analysts forecast that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WEX. Bank of America downgraded shares of WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. UBS Group dropped their target price on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Barclays dropped their target price on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Jefferies Financial Group boosted their target price on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their target price 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $185.80.

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.