WEX Inc. (NYSE:WEX) Shares Sold by AtonRa Partners

AtonRa Partners trimmed its position in shares of WEX Inc. (NYSE:WEX) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,517 shares of the business services provider’s stock after selling 297 shares during the period. AtonRa Partners’ holdings in WEX were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WEX. International Assets Investment Management LLC raised its position in shares of WEX by 19,044.7% during the 4th quarter. International Assets Investment Management LLC now owns 35,992 shares of the business services provider’s stock worth $7,002,000 after buying an additional 35,804 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of WEX by 2.7% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 866,363 shares of the business services provider’s stock worth $177,076,000 after acquiring an additional 22,865 shares in the last quarter. Handelsbanken Fonder AB lifted its position in WEX by 2,524.0% in the 4th quarter. Handelsbanken Fonder AB now owns 163,844 shares of the business services provider’s stock worth $31,876,000 after buying an additional 157,600 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in WEX by 56.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 141,287 shares of the business services provider’s stock worth $26,575,000 after purchasing an additional 50,771 shares during the last quarter. Finally, Burney Co. raised its holdings in shares of WEX by 131.1% during the 3rd quarter. Burney Co. now owns 21,120 shares of the business services provider’s stock valued at $3,972,000 after purchasing an additional 11,983 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Trading Up 1.1 %

WEX traded up $2.28 during midday trading on Monday, hitting $218.86. 364,413 shares of the company were exchanged, compared to its average volume of 305,882. The firm has a market capitalization of $9.17 billion, a P/E ratio of 35.56, a P/E/G ratio of 1.40 and a beta of 1.59. WEX Inc. has a 1-year low of $161.95 and a 1-year high of $244.04. The firm’s 50 day moving average price is $230.59 and its 200-day moving average price is $203.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73.

WEX (NYSE:WEX) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a return on equity of 30.92% and a net margin of 10.21%. The business had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. As a group, equities analysts forecast that WEX Inc. will post 13.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WEX shares. Citigroup lifted their price target on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on shares of WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. William Blair reiterated an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. TheStreet upgraded shares of WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, Barclays boosted their target price on shares of WEX from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, WEX currently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Transactions at WEX

In related news, SVP Sara Trickett sold 887 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Jagtar Narula sold 309 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total value of $72,071.16. Following the completion of the sale, the chief financial officer now directly owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sara Trickett sold 887 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $224.61, for a total value of $199,229.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,326 shares of company stock valued at $6,281,961. Corporate insiders own 1.10% of the company’s stock.

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.