WEX Inc. (NYSE:WEX) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its position in WEX Inc. (NYSE:WEX) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,356 shares of the business services provider’s stock after selling 225 shares during the quarter. GHP Investment Advisors Inc.’s holdings in WEX were worth $1,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commerce Bank grew its stake in shares of WEX by 1.7% during the third quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 60 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in WEX by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 70 shares during the last quarter. GAMMA Investing LLC grew its stake in WEX by 40.7% during the 3rd quarter. GAMMA Investing LLC now owns 301 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 87 shares in the last quarter. Covestor Ltd increased its holdings in WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock worth $58,000 after purchasing an additional 89 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of WEX by 206.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the transaction, the chief operating officer now owns 7,582 shares in the company, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. William Blair reissued a “market perform” rating on shares of WEX in a research report on Thursday. Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company cut their target price on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Barclays reiterated an “equal weight” rating and issued a $200.00 price target (down from $207.00) on shares of WEX in a research note on Tuesday, December 17th. Finally, Citigroup cut WEX from a “buy” rating to a “neutral” rating and cut their price objective for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, WEX has an average rating of “Hold” and a consensus price target of $217.73.

WEX Trading Down 18.8 %

NYSE:WEX opened at $151.60 on Friday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.50 and a beta of 1.58. The business has a 50 day simple moving average of $178.33 and a 200 day simple moving average of $185.99. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a 12-month low of $149.29 and a 12-month high of $244.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 12.45% and a return on equity of 31.35%. Equities research analysts predict that WEX Inc. will post 13.08 EPS for the current year.

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.