Numerai GP LLC Acquires Shares of 9,288 WEX Inc. (NYSE:WEX)

Numerai GP LLC bought a new position in shares of WEX Inc. (NYSE:WEX) in the fourth quarter, Holdings Channel reports. The firm bought 9,288 shares of the business services provider’s stock, valued at approximately $1,628,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of WEX by 38.4% during the third quarter. Barclays PLC now owns 21,535 shares of the business services provider’s stock worth $4,516,000 after purchasing an additional 5,972 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of WEX by 265.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 3,834 shares during the period. Assenagon Asset Management S.A. bought a new position in WEX during the 4th quarter worth approximately $1,168,000. Radnor Capital Management LLC acquired a new position in WEX during the fourth quarter valued at approximately $331,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in WEX by 16.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 455 shares during the period. Institutional investors own 97.47% of the company’s stock.

WEX Trading Up 2.2%

Shares of NYSE:WEX opened at $138.21 on Wednesday. The company’s 50-day moving average price is $137.70 and its two-hundred day moving average price is $161.31. WEX Inc. has a one year low of $110.45 and a one year high of $217.47. 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 stock has a market capitalization of $4.73 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26.

WEX (NYSE:WEX) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.11. The business had revenue of $636.60 million for 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 revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.46 earnings per share. On average, equities analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEX has been the subject of several research analyst reports. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and decreased their price target for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. William Blair reissued a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Barclays decreased their price objective on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Mizuho cut their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Bank of America cut shares of WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $182.40.

About WEX

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.