Teza Capital Management LLC Invests $220,000 in WEX Inc. (NYSE:WEX)

Teza Capital Management LLC bought a new position in shares of WEX Inc. (NYSE:WEX – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,732 shares of the business services provider’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of WEX. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of WEX by 111.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 950 shares of the business services provider’s stock worth $170,000 after purchasing an additional 500 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of WEX by 8.1% during the 1st quarter. Bank of Montreal Can now owns 4,181 shares of the business services provider’s stock worth $732,000 after purchasing an additional 315 shares in the last quarter. BlackRock Inc. grew its holdings in shares of WEX by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,107,306 shares of the business services provider’s stock worth $732,950,000 after purchasing an additional 49,480 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of WEX by 8.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,375 shares of the business services provider’s stock worth $4,471,000 after purchasing an additional 1,824 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of WEX by 38.3% during the 1st quarter. Sei Investments Co. now owns 21,260 shares of the business services provider’s stock worth $3,793,000 after purchasing an additional 5,884 shares in the last quarter. 98.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $199.19, for a total transaction of $199,190.00. Following the completion of the transaction, the chief operating officer now directly owns 7,537 shares in the company, valued at $1,501,295.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Regina O. Sommer sold 1,261 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $190.52, for a total transaction of $240,245.72. Following the completion of the sale, the director now owns 14,272 shares of the company’s stock, valued at $2,719,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $199.19, for a total value of $199,190.00. Following the sale, the chief operating officer now directly owns 7,537 shares of the company’s stock, valued at approximately $1,501,295.03. The disclosure for this sale can be found here. Insiders sold 26,634 shares of company stock worth $5,126,036 over the last ninety days. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WEX shares. Morgan Stanley upped their price objective on WEX from $157.00 to $199.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. TheStreet upgraded WEX from a “c” rating to a “b-” rating in a research report on Thursday, February 9th. Wells Fargo & Company upped their price objective on WEX from $193.00 to $230.00 in a research report on Friday, February 10th. Mizuho upped their price objective on WEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Finally, Robert W. Baird upped their price objective on WEX from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, WEX presently has an average rating of “Moderate Buy” and a consensus price target of $209.09.

WEX Price Performance

Shares of WEX opened at $170.94 on Tuesday. WEX Inc. has a 1 year low of $125.00 and a 1 year high of $204.05. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The business has a 50-day moving average of $184.46 and a 200-day moving average of $164.32.

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.