EP Wealth Advisors LLC Buys 158 Shares of WEX Inc. (NYSE:WEX)

EP Wealth Advisors LLC raised its holdings in shares of WEX Inc. (NYSE:WEX) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,356 shares of the business services provider’s stock after buying an additional 158 shares during the quarter. EP Wealth Advisors LLC’s holdings in WEX were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WEX. Jones Financial Companies Lllp boosted its holdings in shares of WEX by 108.4% in 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 221 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of WEX by 72.2% in the 4th quarter. Quadrant Capital Group LLC now owns 272 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 66 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of WEX in the 4th quarter valued at about $74,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on WEX. UBS Group lowered their target price on WEX from $172.00 to $138.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. William Blair reissued a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Bank of America lowered WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Robert W. Baird set a $186.00 target price on WEX in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their target price on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $182.40.

WEX Trading Up 2.2%

WEX opened at $138.21 on Wednesday. The business has a 50 day simple moving average of $137.70 and a two-hundred day simple moving average of $161.31. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.06 and a beta of 1.26. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. WEX Inc. has a one year low of $110.45 and a one year high of $217.47.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.11. The business had revenue of $636.60 million during the quarter, compared to analyst estimates of $631.42 million. WEX had a return on equity of 32.35% and a net margin of 11.78%. WEX’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.46 EPS. Analysts predict that WEX Inc. will post 14.09 EPS for the current year.

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.