WEX Inc. (NYSE:WEX) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its stake in shares of WEX Inc. (NYSE:WEX) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,531 shares of the business services provider’s stock after purchasing an additional 334 shares during the period. Verdence Capital Advisors LLC’s holdings in WEX were worth $3,599,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after purchasing an additional 101 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of WEX during the 3rd quarter worth approximately $35,000. Jones Financial Companies Lllp boosted its position in shares of WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after purchasing an additional 129 shares during the period. UMB Bank n.a. boosted its position in shares of WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock worth $46,000 after purchasing an additional 221 shares during the period. Finally, Covestor Ltd boosted its position in shares of 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 period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Down 0.1 %

Shares of NYSE WEX opened at $154.73 on Wednesday. The firm’s 50-day moving average is $170.20 and its two-hundred day moving average is $183.40. 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 company has a market capitalization of $6.01 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating 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%. Equities analysts anticipate that WEX Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on WEX. Jefferies Financial Group raised their price target on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Mizuho reduced their price objective on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays cut their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and cut their price target for the stock from $260.00 to $190.00 in a research note on Tuesday, January 14th. Finally, William Blair reiterated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $195.73.

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.