WEX Inc. (NYSE:WEX) Shares Purchased by Strs Ohio

Strs Ohio boosted its position in WEX Inc. (NYSE:WEX – Get Rating) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,226 shares of the business services provider’s stock after buying an additional 1,395 shares during the period. Strs Ohio’s holdings in WEX were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in WEX in the first quarter valued at approximately $44,000. Charter Oak Capital Management LLC purchased a new stake in WEX in the second quarter valued at approximately $42,000. Wipfli Financial Advisors LLC purchased a new stake in WEX in the third quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale purchased a new stake in WEX in the second quarter valued at approximately $108,000. Finally, Wakefield Asset Management LLLP purchased a new stake in WEX in the second quarter valued at approximately $128,000. Hedge funds and other institutional investors own 98.65% of the company’s stock.

Insider Transactions at WEX

In other news, insider Hilary A. Rapkin sold 5,270 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $175.00, for a total transaction of $922,250.00. Following the completion of the transaction, the insider now directly owns 12,203 shares in the company, valued at approximately $2,135,525. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Hilary A. Rapkin sold 5,270 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $175.00, for a total transaction of $922,250.00. Following the completion of the transaction, the insider now directly owns 12,203 shares in the company, valued at approximately $2,135,525. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hilary A. Rapkin sold 6,156 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $165.19, for a total value of $1,016,909.64. Following the transaction, the insider now owns 12,328 shares of the company’s stock, valued at $2,036,462.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,426 shares of company stock worth $2,102,480. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WEX has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on WEX from $185.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 9th. Bank of America reduced their target price on WEX from $225.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. Mizuho reduced their target price on WEX from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Keefe, Bruyette & Woods reduced their target price on WEX from $226.00 to $185.00 in a research note on Monday, October 10th. Finally, Barclays upped their target price on WEX from $211.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, October 31st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.08.

WEX Stock Down 0.4 %

Shares of WEX opened at $176.54 on Friday. WEX Inc. has a 52-week low of $125.00 and a 52-week high of $183.38. The company has a market capitalization of $7.70 billion, a PE ratio of 79.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The stock has a fifty day simple moving average of $163.43 and a two-hundred day simple moving average of $157.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.62.

WEX (NYSE:WEX – Get Rating) last issued its earnings results on Thursday, October 27th. The business services provider reported $3.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.11). The company had revenue of $616.13 million during the quarter, compared to analyst estimates of $590.54 million. WEX had a return on equity of 27.73% and a net margin of 4.53%. As a group, equities analysts forecast that WEX Inc. will post 11.63 EPS for the current year.

About WEX

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WEX Inc provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements.