Crossmark Global Holdings Inc. Has $624,000 Stake in WEX Inc (WEX)

Crossmark Global Holdings Inc. lessened its stake in shares of WEX Inc (NYSE:WEX) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,458 shares of the business services provider’s stock after selling 350 shares during the period. Crossmark Global Holdings Inc.’s holdings in WEX were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of WEX by 281.7% during the 3rd quarter. Renaissance Technologies LLC now owns 66,800 shares of the business services provider’s stock worth $13,411,000 after acquiring an additional 49,300 shares during the period. State Treasurer State of Michigan raised its holdings in shares of WEX by 15.3% during the 3rd quarter. State Treasurer State of Michigan now owns 27,100 shares of the business services provider’s stock worth $5,441,000 after acquiring an additional 3,600 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in shares of WEX during the 4th quarter worth $32,000. Vanguard Group Inc raised its holdings in shares of WEX by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock worth $771,098,000 after acquiring an additional 111,362 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of WEX by 3.2% during the 3rd quarter. Aperio Group LLC now owns 14,129 shares of the business services provider’s stock worth $2,837,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Several brokerages recently issued reports on WEX. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a report on Friday, February 8th. William Blair restated an “outperform” rating on shares of WEX in a report on Wednesday, January 30th. Jefferies Financial Group began coverage on shares of WEX in a report on Monday, January 28th. They issued a “hold” rating and a $170.00 price objective on the stock. BTIG Research began coverage on shares of WEX in a report on Thursday, January 17th. They issued a “buy” rating and a $198.00 price objective on the stock. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $180.00 price objective (down from $200.00) on shares of WEX in a report on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $193.67.

Shares of WEX opened at $172.03 on Thursday. The stock has a market capitalization of $7.20 billion, a P/E ratio of 36.60, a P/E/G ratio of 1.36 and a beta of 1.55. WEX Inc has a 12-month low of $131.35 and a 12-month high of $203.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50.

In related news, insider David G. Cooper sold 607 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $145.15, for a total value of $88,106.05. Following the sale, the insider now directly owns 1,065 shares in the company, valued at approximately $154,584.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.57% of the stock is currently owned by insiders.

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WEX Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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