WEX Inc. (NYSE:WEX) Holdings Lessened by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC reduced its holdings in shares of WEX Inc. (NYSE:WEX) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,320 shares of the business services provider’s stock after selling 355 shares during the period. WEX comprises 3.2% of Wisconsin Capital Management LLC’s portfolio, making the stock its 9th largest holding. Wisconsin Capital Management LLC owned 0.08% of WEX worth $5,842,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in shares of WEX by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock worth $225,000 after purchasing an additional 65 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 66 shares during the period. Xponance Inc. increased its position in WEX by 1.4% in the fourth quarter. Xponance Inc. now owns 4,864 shares of the business services provider’s stock worth $853,000 after buying an additional 68 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of 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 worth $1,959,000 after buying an additional 70 shares during the period. Finally, Truvestments Capital LLC raised its stake in shares of WEX by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 1,686 shares of the business services provider’s stock worth $296,000 after buying an additional 78 shares during the period. 97.47% of the stock is currently owned by institutional investors.

WEX Trading Up 2.6 %

Shares of WEX stock opened at $161.07 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04. The stock’s 50-day moving average price is $161.28 and its 200-day moving average price is $178.61.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. Equities research analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Mizuho reduced their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Robert W. Baird set a $186.00 price objective on shares of WEX in a research note on Tuesday, February 18th. UBS Group decreased their price objective on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Citigroup downgraded shares of WEX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Finally, William Blair reiterated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $187.80.

WEX Company 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.